This Is What Whales Are Betting On Taiwan Semiconductor
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish stance on Taiwan Semiconductor (NYSE:TSM) with 61 unusual trades, indicating a price target range of $115 to $195 over the next three months. The analysis revealed a mix of bullish and bearish sentiments among traders, with a significant lean towards bullish positions. Notable options activity and expert opinions suggest a positive outlook for TSM, with analysts setting an average target price of $164.33. The company's market leadership and strong customer base, including major tech firms, support its solid operating margins.
April 16, 2024 | 5:01 pm
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Financial giants' bullish bets and analysts' positive ratings suggest a strong short-term outlook for TSM, with a price target range of $115 to $195 and an average target price of $164.33.
The bullish sentiment among financial giants and positive analyst ratings, combined with TSM's market leadership and strong customer base, suggest a potential increase in TSM's stock price in the short term. The detailed options trading activity and the anticipation of next earnings in 2 days further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100