Texas Instruments' (NASDAQ: TXN) Q3 results were hailed by analysts as a definitive beat, reinforced by increased guidance that strengthens the case for future stock price gains.
The immediate analyst response has been a wave of reaffirmed and raised price targets, extending the trend and pointing to a $400 price handle at the high end. While the consensus price target remains tepid, forecasting only modest upside relative to pre-release price levels, analysts' trends are robust and suggest another 50% upside is coming.
