This Is What Whales Are Betting On Taiwan Semiconductor
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Taiwan Semiconductor (NYSE:TSM), with 61% of detected trades showing bullish expectations. Whales have been targeting a price range of $80 to $115 for TSM over the last 3 months. Needham downgraded its action to Buy with a price target of $118, while Susquehanna maintained a Positive rating with a price target of $128.
June 21, 2023 | 3:04 pm
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POSITIVE IMPACT
Whale investor shows bullish stance on Taiwan Semiconductor (NYSE:TSM), targeting a price range of $80 to $115. Needham downgrades to Buy with a price target of $118, while Susquehanna maintains a Positive rating with a price target of $128.
The bullish stance of the whale investor, along with the price targets set by Needham and Susquehanna, indicate a positive short-term impact on TSM's stock price. The targeted price range of $80 to $115 and the maintained Positive rating by Susquehanna also contribute to the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100