Reported 1 day ago
Needham analyst Charles Shi has raised TSMC's price target from $270 to $360 while maintaining a 'Buy' rating after the company's strong third-quarter performance, which exceeded revenue guidance and reported a gross margin of 59.5%. TSMC has also updated its fourth-quarter revenue expectations, reducing the anticipated decline from 10% to just 1% and raising its full-year revenue growth forecast for 2025 to 35%. Despite challenges in the AI market, TSMC's outlook is improving, and its expansion efforts in Arizona are progressing.
Source: YAHOO