Reported about 1 year ago
Taiwan Semiconductor Manufacturing Company (TSMC) closed at 966 NT dollars yesterday with investment firm Morningstar expecting its target price to reach 1,380 NT dollars, leading to a positive outlook among stockholders. Last week, a total of 47,719 new stockholders joined in anticipation of TSMC's potential surge to 1,380 NT dollars. As various foreign institutions raise their target prices for TSMC, the company's revenue and EPS expectations for 2024 to 2028 were also raised by 9% and 17%, respectively, boosting investor confidence. With TSMC's shareholder count reaching 1,246,311 as of June 28, growing by 47,719 from the previous week, the company is showing signs of expansion, welcoming 58,605 new investors this year. Several foreign institutions are optimistic about TSMC, setting target prices beyond 1,000 NT dollars, with Morningstar being the most bullish at 1,380 NT dollars.
Source: YAHOO