This Bullish Analyst Highlights Taiwan Semi's 3nm Strength and Margin Expansion Potential, Raises Forecast
Portfolio Pulse from Anusuya Lahiri
Needham analyst Charles Shi has raised the price target for Taiwan Semiconductor Manufacturing Company (TSMC) from $210 to $225, citing strong 3nm performance and potential margin expansion. The analyst expects TSMC's revenue to reach $110 billion by 2025, with significant margin improvements due to the absence of 2nm production next year. TSMC's stock is currently down 1.81% at $202.12.
October 18, 2024 | 5:50 pm
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POSITIVE IMPACT
Needham analyst Charles Shi raised TSMC's price target to $225, citing strong 3nm performance and margin expansion potential. Revenue is expected to reach $110 billion by 2025, with significant margin improvements due to the absence of 2nm production next year.
The analyst's positive outlook and increased price target for TSMC are based on strong 3nm performance and expected margin improvements. This is likely to have a positive short-term impact on TSMC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
TSMC's strong 3nm performance is primarily attributed to Apple Inc., indicating a positive relationship between the two companies. However, the article does not provide specific details on how this impacts Apple's stock.
While TSMC's 3nm performance is linked to Apple, the article does not provide specific information on how this affects Apple's stock. Therefore, the short-term impact on Apple's stock price is neutral.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30