Reported 8 months ago
As of June 18, 2024, nine foreign institutional investors have set target prices for TSMC above a thousand New Taiwan dollars, driving TSMC's stock to all-time highs. Citigroup, Goldman Sachs, J.P. Morgan, and Morgan Stanley are among the institutions that have released reports raising their target prices for TSMC, with Goldman Sachs having the highest target price of NT$1,160, surpassing Citigroup's NT$1,150. Foreign institutions expect TSMC's revenue to grow by 29%, 39%, and 31% from 2024 to 2026, fueled by increasing demand for its advanced manufacturing processes and predictions of strong revenue from 5-nanometer and 3-nanometer processes in the future.
Source: YAHOO