Taiwan Semiconductor Manufacturing Stock Has 28% Upside, According to 1 Wall Street Analyst
Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) are trading up 34% year to date, and Susquehanna analyst Mehdi Hosseini sees more upside now that the chip industry is in recovery mode. The analyst maintained a positive (buy) rating on the shares, raising the price target from $160 to $180. The new target represents an upside over the next 12 months or so of nearly 28% compared to the current share price.
Here's why the analyst might be right.
TSMC is in a lucrative position because it manufactures chips for other companies, including Advanced Micro Devices and Nvidia. With the chip industry expected to return to growth this year, TSMC is poised for a big year.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€128.80
-0.460%
With 17 Buy predictions and not the single Sell prediction the community is currently very high on Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
As a result the target price of 150 € shows a slightly positive potential of 16.46% compared to the current price of 128.8 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
