UBS Raises Texas Instruments (TXN) Price Target to $350, Maintains Buy

UBS raised its price target on Texas Instruments Incorporated (NASDAQ: TXN) to $350 from $295 on June 29, 2026, while reaffirming a Buy rating on the stock. The revision follows the company's strong financial results for fiscal Q1 2026.

Rating Change

• Previous Rating: Buy with a $295 price target.
• Current Rating: Buy with a $350 price target.
• Increase: Approximately 18.6% in the price target.

Analyst Rationale

The UBS analyst believes Texas Instruments benefits from stable demand for semiconductors in industrial and automotive markets, along with improved profit margins due to manufacturing efficiency. The company's ongoing investments in expanding production capacity also support confidence in its future growth.

Context

TXN shares currently trade near $320, up over 15% year-to-date. Most analysts covering the stock have positive ratings, with an average price target of $340. The UBS upgrade comes amid a semiconductor sector recovery driven by AI and industrial demand.

Conclusion

The UBS price target increase reflects confidence in Texas Instruments' long-term performance, but investors should consider potential volatility in semiconductor demand and supply chain changes.