Analyst Brad Lin lifted his price target on U.S-listed shares of Taiwan Semiconductor Manufacturing to $125, representing 35% upside from Thursday's close. He cited "sustainable and strong" demand for AI products, which should meaningfully benefit the leading AI chipmaker and maker of edge nodes and advanced packaging.
" So far this year, shares of Taiwan Semiconductor have jumped about 23%, while Nvidia shares have more than doubled. Lin views Taiwan Semiconductor's valuation as attractive at nearly 14 times price-to-earnings, and near the lower end of its historical range.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America Corp. stock rises Wednesday, still underperforms marketShares of Bank of America Corp. inched 0.04% higher to $28.45 Wednesday, on what proved to be an all-around great trading session for the stock market, with...
Source: MarketWatch - 🏆 3. / 97 Read more »
Bank of America downgrades Peloton, slashes price target in half after earnings sell-offThe firm moved to the sidelines on the stock and halved its price target.
Source: CNBC - 🏆 12. / 72 Read more »
Bank of America says this top cloud pick can rally 50% from hereThe bank raised its price target by $20 following the company's earnings report.
Source: CNBC - 🏆 12. / 72 Read more »
Bank of America Corp. stock outperforms competitors on strong trading dayShares of Bank of America Corp. inched 0.60% higher to $28.62 Thursday, on what proved to be an all-around grim trading session for the stock market, with...
Source: MarketWatch - 🏆 3. / 97 Read more »
| Juul to Lay Off 30% of Staff as Vaping Pioneer Seeks More CashJuul has been on tenuous financial footing since U.S. regulators last year ordered its vaping products off the market, then suspended the ban pending the company’s appeal.
Source: WSJ - 🏆 98. / 63 Read more »