Needham Maintains Buy on Taiwan Semiconductor, Raises Price Target to $168
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi maintains a Buy rating on Taiwan Semiconductor (NYSE:TSM) and raises the price target from $133 to $168, indicating a positive outlook on the company's stock.
April 10, 2024 | 11:04 am
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Needham analyst Charles Shi maintains a Buy rating on Taiwan Semiconductor and raises the price target from $133 to $168.
The increase in the price target by Needham reflects a strong confidence in Taiwan Semiconductor's future performance. This endorsement from a reputable analyst is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100