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 Stock
€194.60
-0.510%
With 26 Buy predictions and not a single Sell prediction Taiwan Semiconductor Manufacturing Co. Ltd. ADR is an absolute favorite of our community.
As a result the target price of 220 € shows a slightly positive potential of 13.05% compared to the current price of 194.6 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
