Where Will TSMC Stock Be in 5 Years?
The past five years have been great for investors in Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC. Share prices of the company have shot up an impressive 258% during this period and outperformed the S 500 index's comparable gains of 81% by a huge margin.
TSMC's incredible rally could continue over the next five years as well. Let's take a closer look at why buying and holding this semiconductor stock for the next three years could be a smart move.
The global semiconductor market was worth an estimated $469 billion in 2018, according to the Semiconductor Industry Association. That number increased to $527 billion in 2023. So the semiconductor industry's revenue has increased at a compound annual growth rate (CAGR) of just 2.3% over the past five years.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is one of the favorites of our community with 28 Buy predictions and 2 Sell predictions.
With a target price of 403 € there is a slightly positive potential of 9.36% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 368.5 €.
