Goldman Sachs Maintains Sell on Texas Instruments, Raises Price Target to $157
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Sell rating on Texas Instruments (NASDAQ:TXN) but raised the price target from $137 to $157.
April 24, 2024 | 1:46 pm
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Goldman Sachs maintains a Sell rating on Texas Instruments but increases the price target from $137 to $157.
The adjustment in price target by Goldman Sachs, despite maintaining a Sell rating, suggests a nuanced view on Texas Instruments' valuation. The increase in price target could reflect an updated analysis of the company's future prospects or market conditions, potentially leading to a neutral short-term impact on the stock as investors digest the implications of a higher valuation against the backdrop of a Sell rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100