Texas Instruments Stock Is Trading Higher Tuesday: What's Going On?
Portfolio Pulse from Adam Eckert
Texas Instruments (NASDAQ:TXN) shares rose after the company provided optimistic guidance for 2026, projecting $26 billion in revenue and significant free cash flow per share. The company also adjusted its CapEx expectations and received a price target upgrade from Evercore ISI Group.
August 20, 2024 | 3:57 pm
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Texas Instruments shares increased after the company projected $26 billion in revenue and strong free cash flow per share for 2026. The company also adjusted its CapEx expectations and received a price target upgrade from Evercore ISI Group.
The positive guidance for 2026, including a significant revenue target and strong free cash flow per share, is likely to boost investor confidence. The adjustment in CapEx expectations suggests better financial management, and the price target upgrade from Evercore ISI Group further supports a positive outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100