Shares of Texas Instruments Inc and Verizon Communications Inc have been in a sharp downtrend in recent months, but the sell-off has made neither of these any more attractive to own. In fact, Michael Landsberg dubbed both a “value trap” in a recent interview with CNBC.
Texas Instruments announced fourth-quarter earnings above expectations, but highlighted challenges with declining revenues year-over-year.
Deutsche Bank (ETR:DBKGn) reiterated a Hold rating on Texas Instruments (NASDAQ:TXN) with a steady price target of $200.00, as the stock trades near $197.51. According to InvestingPro data, the company appears overvalued at current levels,
NASDAQ is losing ground as traders focus on economic data and take profits after the strong rebound from January lows. Texas Instruments, which is down by 7.55%, is the worst performer in the NASDAQ index today. The stock found itself under pressure as traders focused on the disappointing Q1 profit forecast.
Texas Instruments (NASDAQ:TXN) received a reiterated Buy rating and a $250.00 price target from Rosenblatt analysts ahead of its fourth-quarter earnings report, which is scheduled for release after the market closes on January 23,
U.S. stocks edged back from their all-time high as they closed out a second straight winning week. The S&P 500 fell 0.3% on Friday, a day after setting a record. The Dow Jones Industrial Average dropped 0.
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Sanara MedTech (NASDAQ:SMTI – Get Free Report)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a note issued to investors on Wednesday,Benzinga reports.
Barclays PLC lifted its holdings in shares of Rigetti Computing, Inc. (NASDAQ:RGTI – Free Report) by 275.6% during the 3rd quarter, according to its most recent 13F filing with the SEC.
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