On July 8, Texas Instruments rose 3.05% in regular trading, trading at $302.27/share, with turnover of $487 million. The rally was driven by Cantor Fitzgerald raising its target price on the stock from $300 to $340.

The upgrade is part of a broader wave of bullish sentiment from Wall Street. In recent weeks, multiple investment banks have lifted their price targets on Texas Instruments: UBS raised its target from $295 to $350, STIFEL increased to $360, and Citi moved from $280 to $345, all maintaining buy or overweight ratings. Citi analysts specifically highlighted that Texas Instruments is expected to benefit from supplying power management chips to NVIDIA in the second half of the year, positioning the company as a name with upside catalysts. According to FactSet, the consensus analyst rating stands at overweight with a mean target price of $301.43.

The stock had declined 3.41% in the prior session amid broad semiconductor sector weakness, making the current rebound notable. Texas Instruments is scheduled to report next quarter earnings on July 22, with consensus EPS expectations of $1.90.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)