Selected Stock Price Target News of the Day — May 19, 2026

Today’s stock price target news covers three names: Advanced Micro Devices (AMD), ELF Beauty (ELF), and Texas Instruments (TXN). Two of the three moves come from the semiconductor sector. Analyst targets in that space have been rising since strong first-quarter earnings reports. Evercore raised its AMD target to $579, the largest dollar move on the AnaChart home page. Piper Sandler cut ELF by nearly 30% ahead of tomorrow’s fiscal Q2 report. Mizuho raised Texas Instruments for the second time since April.

Leading the stock price target news on May 19, Evercore’s AMD upgrade carried the most significant PT move of the day.

Evercore Raises AMD as AI Data Center Momentum Builds

Mark Lipacis at Evercore raised his Advanced Micro Devices price target from $358 to $579. He maintained his Buy rating on the stock. The $221 increase equals a 61.73% rise in his prior target. AMD’s current price is near $424. The new $579 target implies a potential upside of approximately 36.5% from yesterday’s close.

AMD reported first-quarter 2026 revenue of $10.3 billion, up 38% year over year. It was the fourth consecutive quarter of double-digit revenue growth. Non-GAAP EPS reached $1.37, beating the consensus estimate of $1.28. Data center revenue was the primary driver, reaching $5.8 billion, a 57% gain from the same quarter of 2025. EPYC server processors and Instinct AI GPUs both contributed to that growth. CEO Lisa Su described the data center as the company’s primary engine of revenue and earnings growth. Cloud and enterprise customers continued to scale AI workloads throughout the quarter.

Management issued second-quarter guidance of approximately $11.2 billion in revenue, plus or minus $300 million. That midpoint implies 46% year-over-year growth and roughly 9% sequential growth from the Q1 result. Non-GAAP gross margin guidance was set near 56%. Both the revenue midpoint and the margin guidance came in above prior consensus expectations. That reinforced the positive sentiment around the print.

Lipacis previously held a $358 target on AMD, which he set in February 2026. His revised $579 reflects a significant upward shift in his earnings model after the Q1 print. AMD competes in both GPU and CPU workloads. That dual position has allowed it to capture a broader slice of AI infrastructure spending. Earlier estimates assumed a narrower addressable market. The Q1 results and revised guidance suggest those estimates were too conservative by a meaningful margin. The company’s AI GPU roadmap continues to gain traction. Hyperscale customers are diversifying their compute supply chains, and AMD’s Instinct MI300 and next-generation successors are benefiting. AMD’s data center revenue has grown for several consecutive quarters. Analysts who revised targets upward have largely cited that trend as the primary justification.

On AMD specifically, Lipacis has hit 36 of his 36 documented price targets. That is a 100% record, with an average time to fulfillment of 219 days. Across his full coverage at Evercore, his overall price target hit ratio is 84%. His coverage spans semiconductors, semiconductor equipment, and technology. Average fulfillment time across that full book is 272 days.

The average AMD price target across AnaChart’s 33 tracked analysts stands at $458.60. Lipacis’s new $579 sits well above that consensus. It reflects a more aggressive view of AMD’s earnings trajectory through the back half of 2026. The gap between his target and the consensus average is roughly $120, or about 26%. That spread illustrates the range of views among analysts still updating their models after the Q1 beat.

The stock price target news for ELF Beauty came just one day before fiscal Q2 earnings.

The stock price target news on ELF Beauty reflects the risk of holding ahead of earnings.

Piper Sandler Cuts ELF One Day Before Fiscal Q2 Earnings

Anna Andreeva at Piper Sandler lowered her ELF Beauty price target from $85 to $60. She maintained her Hold rating on the stock. The $25 reduction equals a 29.41% cut in her prior target. ELF Beauty is scheduled to report fiscal second-quarter 2026 earnings after market close on Wednesday, May 20.

Andreeva’s revision is part of a broader pattern of downward adjustments heading into the print. Wall Street consensus calls for earnings per share of $0.29 on revenue of approximately $422.95 million. The stock has been under sustained pressure and currently trades near $56.43. That price is already below several analyst targets set earlier this year, which ranged from $95 to $115.

Multiple analysts have trimmed their ELF targets over the past several weeks. Morgan Stanley shifted to Equal-Weight and set a $67 target. Deutsche Bank held its Hold rating and moved to $65. Citi maintained its Buy but dropped to $87 from $115. UBS held at Neutral and lowered to $70 from $102. Bank of America cut to $93 from $115, retaining its Buy rating. The average AnaChart price target for ELF now stands at $71.29 across 15 tracked analysts. That implies a potential upside of 26.33% from the last close.

Several factors have weighed on consensus expectations heading into the report. Analysts have cited tariff exposure tied to ELF’s China-based supply chain. Shipment timing issues have also affected revenue recognition in recent quarters. Management guidance has come in below earlier growth expectations. ELF’s brand position in affordable cosmetics remains a competitive asset. However, the near-term financial profile has softened enough to prompt consensus trimming across the coverage community.

The key question for tomorrow’s report is whether ELF can maintain gross margins while navigating the tariff environment. Management’s commentary on fiscal third-quarter guidance will likely determine the stock’s direction after the print. ELF has historically traded at a premium to peers in the mass beauty category. That premium has compressed sharply over the past year as growth expectations have been revised lower.

Andreeva covers 45 stocks in consumer cyclical and related sectors at Piper Sandler. Her overall price target hit ratio is 52.71%, with an average fulfillment time of 289 days. Her cut to $60 is one of the lower targets in the current consensus range for ELF. It leaves little room for disappointment in tomorrow’s print.

Rounding out the stock price target news for May 19, Texas Instruments drew a constructive call from Mizuho.

Mizuho Raises Texas Instruments on Analog Recovery

Vijay Rakesh at Mizuho raised his Texas Instruments price target from $255 to $300. He maintained his Hold rating on the stock. The $45 raise equals a 17.65% increase in his prior target. It is his second upward revision on TXN since April’s first-quarter earnings report.

Texas Instruments reported Q1 2026 revenue of $4.83 billion, up 19% year over year. Non-GAAP EPS came in at $1.68, above the consensus of approximately $1.45. Analog revenue grew 22% to $3.92 billion, with an operating margin of 41.7%. Embedded processing revenue rose 12% to $723 million. Data center revenue grew 90% year over year. That adds a meaningful new growth vector to what has historically been a predominantly industrial and automotive business.

Management guided Q2 2026 revenue of $5.0 billion to $5.4 billion, versus the approximately $4.87 billion consensus at the time. Non-GAAP EPS guidance of $1.77 to $2.05 compared favorably to the $1.58 consensus. The strong guidance reflected early signs that the analog inventory correction has largely run its course. That correction weighed on results through much of 2024 and into 2025.

Texas Instruments is midway through a transition to 300mm wafer production at its own manufacturing facilities. The company has invested heavily in that capacity over several years. That shift is expected to reduce unit costs over time. Free cash flow conversion should also improve as capital expenditure intensity moderates. Industrial and automotive end markets represent the core of TXN’s revenue base. Both have begun to recover from the prolonged inventory correction that started in 2023. Analysts including Rakesh have cited this structural manufacturing advantage as a reason to revise earnings power estimates higher. Improving end-market demand is the other key factor heading into the second half of 2026.

Rakesh’s prior TXN target of $255 was set on April 23, immediately following the first-quarter report. His follow-on raise to $300 reflects updated model assumptions for revenue and margins in the back half of the year. Two upward revisions within four weeks signals growing conviction in the recovery thesis. The new target of $300 sits near TXN’s current trading price of approximately $302.73, consistent with his Hold rating. On TXN specifically, Rakesh has hit 38 of his 42 documented price targets. That equals a 90.48% hit rate, with an average fulfillment time of 252 days. His overall hit ratio across 38 semiconductor and technology stocks at Mizuho is 85.67%. That positions him among the more accurate analysts in the sector by AnaChart’s documented track record data.

AnaChart tracks price target history and accuracy records for every covered analyst. The complete coverage history for each of the three analysts featured today is available on the platform. All three names, AMD, ELF, and TXN, have active coverage tracked across multiple firms and time periods. Accuracy data, prior target history, and fulfillment timelines are available for each analyst linked above.

The full price target history for AMD, ELF, and TXN, along with the track record of every analyst and firm named here, lives in the analyst price target dataset. It covers 661,383 price targets and 759,654 ratings from 7,191 analysts (3,754 active, 3,437 retired), across 9,686 tickers and 424 brokers (333 active), spanning 2008 to 2026.