Cantor Fitzgerald reiterated a Neutral rating and $300 price target on Texas Instruments (NASDAQ:TXN) after a dinner meeting with executives. The stock trades at $315.95.
Discussions focused on cyclical positioning, data center opportunity, and capacity. Data center revenue reached 12% of total Q1 revenue, set to surpass Personal Electronics.
The total addressable market grows 65% in 2026. More than half of data center business is power-related, leveraging the 800V transition.
According to Bond.az, Texas Instruments has ample supply to support data center demand, with no change in capex or depreciation forecasts.
