Reported about 1 year ago
Major financial institutions, including Citigroup Global, HSBC, UBS, Morgan Stanley, Haitong Securities, and under financial holding companies, have raised their target prices for TSMC to over NT$1,000, with Citigroup Global setting the highest target price at NT$1,030. TSMC's stock price closed at NT$883, inching towards the NT$900 mark. TSMC's advanced process technology is greatly anticipated for future growth, with projections indicating a revenue increase of 26% in 2024, and an emphasis on AI applications driving potential revenue growth to 14% in 2025. Collaborations in AI-related fields are also expected to boost market share and revenue in the coming years.
Source: YAHOO