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
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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.
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