$TSM.US$ 💡 Morgan Stanley raises target share price of TSMC...
💡 Morgan Stanley raises target share price of TSMC to 1,180 NT dollars $TSM
1 ️ 8.1 Stock Price Target and Rating Changes Morgan Stanley raised its stock price target for TSMC $TSM from 1,080 NT dollars to 1,180 NT dollars. This represents an upward correction of approximately 9.3%. Also, it maintains a “bullish (bullish)” rating.
2 ️ * Forecast for the 2nd quarter of 2024 Analysts predict that TSMC's performance and outlook for the 2nd quarter of 2024 will match market expectations. This suggests that the semiconductor market is recovering and that TSMC's technological superiority is being maintained.
3 ️ EK Price and Demand Outlook Morgan Stanley is optimistic about the following 2 points: - Upward trend in wafer prices - Strong demand for SoIC (System on Integrated Chips) 3D IC technology
4 ️ EK Key Customer Trends About Major Customers Adopting TSMC's Advanced Manufacturing Processes: - Apple $AAPL: SoIC 3D IC technology is expected to be adopted in the second half of 2025
- NVIDIA $NVDA: SoIC 3D IC technology is expected to be adopted in 2028
5 ️ 8.1 Stock Price Evaluation The new stock price target of 1,180 Taiwan dollars is equivalent to 23 times the 2025 EPS (profit per share) predicted by Morgan Stanley. This evaluation ratio reflects TSMC's growth prospects and advantages within the industry.
📍 Summary TSMC's analysis by Morgan Stanley shows strong confidence in the company's short-term stability and long-term growth potential. The upward trend in wafer prices, demand for SoIC technology, and strong relationships with key customers confirm TSMC's competitiveness. However, investors also need to pay attention to geopolitical risks, changes in the competitive environment, and cyclicality peculiar to the semiconductor industry. TSMC will maintain its position as an industry leader, but it is important to keep a close eye on the speed of technological innovation and market trends.
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