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Looking for the newest structural trends in the analog microchip market? Texas Instruments Incorporated (NASDAQ: TXN) has been named a top analog semiconductor pick by analysts at Citi, who aggressively raised their price target on the stock to $345.
The bullish re-rating hinges on exponential future demand across the power delivery infrastructure space. Driven by next-generation computing power requirements, the power delivery market is projected to skyrocket from a $2 billion baseline to a massive $12 billion by 2028—representing a remarkable 70% Compound Annual Growth Rate (CAGR). Citi also raised its price target on peer company ON Semiconductor (NASDAQ: ON) to $120 ahead of its pivotal September Analyst Day. While high short-term valuation multiples keep Seeking Alpha’s automated Quant Rating at a steady Hold, Texas Instruments' elite structural profitability keeps it positioned as a core hardware powerhouse.
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