Why Taiwan Semiconductor Manufacturing Stock Jumped Today
Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) (TSMC) rose on Wednesday, finishing the day up 4%. The jump comes as the S 500 gained 0.4% and the Nasdaq Composite gained 0.9%.
The semiconductor giant's stock got a boost after an analyst raised his price target on the stock.
Charles Shi, an analyst at Needham, reiterated his buy rating on Tuesday on TSMC's stock, raising his price target from $225 to $270. The analyst believes the company's AI revenue will continue to explode, rising from $26 billion this year to $46 billion in 2027.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Aktie
285,00 €
-5,32 %
Die Community unterstützt Taiwan Semiconductor Manufacturing Co. Ltd. ADR stark, mit vielen Buy- und wenigen Sell-Einschätzungen.
Ein positives Kurspotenzial für Taiwan Semiconductor Manufacturing Co. Ltd. ADR ist gegeben, mit einem Kursziel von 304 € über dem aktuellen Kurs von 285.0 €.
