** Texas Instruments TXN.O forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that spending on AI infrastructure and a recovery in industrial and automotive markets are boosting demand for analog chips

** Shares down 3.7% to $283.4 premarket

NOT OUT OF THE WOODS YET

** Citigroup ("buy," PT: $345) sees gross margin expansion to continue through 2027, supported by firmer pricing and higher utilization

** J.P.Morgan ("overweight," PT: $340) says pricing remains a "key upside lever" to TI's growth story starting in Q4 this year and continuing into 2027

** Price increases across TI's analog and embedded businesses to contribute to revenue growth in 2027, JPM said

** TD Cowen ("buy," PT: $340) says TI's 300mm manufacturing footprint and technology portfolio will boost revenue and free cash flow over the next several years

** Summit Insights Group ("hold") says co's fast-growing data center business remains too small to materially lift overall results

** "We see a higher risk profile for TXN stock into 2027," says Summit Insights