Needham Reiterates Buy on Taiwan Semiconductor, Maintains $118 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi has reiterated a 'Buy' rating on Taiwan Semiconductor (NYSE:TSM) and maintained a price target of $118.
July 20, 2023 | 9:29 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Needham analyst Charles Shi has reiterated a 'Buy' rating on Taiwan Semiconductor (NYSE:TSM) and maintained a price target of $118.
The reiteration of a 'Buy' rating by a Needham analyst indicates a positive outlook for Taiwan Semiconductor. The maintained price target of $118 suggests that the analyst believes the stock is still undervalued, which could lead to upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100