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