Citi Lifts Texas Instruments (TXN) Price Target by $65. Here is Why - Yahoo Finance

Citigroup raised Texas Instruments' (TXN) price target from $280 to $345 on June 15, 2026, maintaining a 'Buy' rating. The move reflects expectations of a strong recovery in the analog semiconductor m... Read original →

Citi’s sharp price target hike for Texas Instruments isn’t just a cyclical analog rebound—it signals power management as the next AI infrastructure battleground. TI’s high-efficiency, integrated power ICs are displacing Infineon and ADI in server motherboards, spurring upstream GaN foundry demand. While general-purpose analog chips remain outside U.S. export controls on China, TI is relocating capacity to the U.S. and Taiwan, China to mitigate supply chain risks, inflating capex. Competitively, ADI may accelerate its TSMC collaboration on automotive BCD processes, while Infineon could deepen industrial power alliances with Bosch. Over the next 12–24 months, as AI server power envelopes exceed 1kW, precision power delivery will emerge as the second wave of semiconductor investment after GPUs—potentially redefining analog chip valuation through sustained high margins.