Barclays Maintains Overweight on Taiwan Semiconductor, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Simon Coles has maintained an Overweight rating on Taiwan Semiconductor (NYSE:TSM) and increased the price target from $110 to $125, indicating a positive outlook on the stock.
January 19, 2024 | 1:20 pm
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Barclays analyst Simon Coles reaffirmed an Overweight rating on TSM and raised the price target to $125, suggesting confidence in the company's prospects.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100