1. Home
  2. Earnings Miss
  3. Taiwan Semiconductor Touts Double Digit Revenue ‘But Volume Recovery Remains Muted’: Analysts

Taiwan Semiconductor Touts Double Digit Revenue ‘But Volume Recovery Remains Muted’: Analysts

12
0

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) slipped n early trading on Friday, as the company adjusts its price model in a competitive landscape.

Here are some key analyst takeaways from the release.

  • Goldman Sachs analyst Bruce Lu reiterated a Buy rating and price target of NT$975 ($31.78).
  • Needham analyst Charles Shi reiterated a Buy rating and price target of $168.

Check out other analyst stock ratings.

Goldman Sachs: Taiwan Semiconductor lowered both semi (ex-memory) and foundry industry revenue growth outlook for 2024, “citing softer end demand recovery across smartphone, PC, automotive, etc,” Lu said in a note. AI remains the “key bright spot with strong …

Full story available on Benzinga.com

Visited 12 times, 1 visit(s) today