Stifel raises Texas Instruments target to $250 on FCF inflection, hires Erica Yoon
Stifel Financial raised its price target on Texas Instruments to $250, citing expected free cash flow inflection as chipmaker’s capex falls from $2.39 billion in 2026 to $2.20 billion in 2027. The firm also hired TD Cowen veteran Erica Yoon as Managing Director and TMT sector sales specialist in New York.
1. Research Upgrade on Texas Instruments
Stifel’s equity research team, led by Tore Svanberg, upgraded Texas Instruments from Hold to Buy, increasing its price target to $250 to reflect a projected free cash flow per share rise from $8.13 in 2026 to $9.60 in 2027. The upgrade rests on capital expenditure declining from $2.39 billion in 2026 to $2.20 billion in 2027 and anticipated CHIPS Act incentives totaling $1.55 billion in 2026.
2. Hiring of Erica Yoon to Strengthen TMT Coverage
Stifel Financial appointed Erica Yoon as Managing Director and Technology, Media & Telecommunications sector sales specialist in New York. Yoon brings over 20 years of institutional sales expertise from TD Cowen, UBS, Merrill Lynch and Pac Crest, aiming to deepen client relationships and expand Stifel’s equities platform.