TSMC rises 1% in pre-market Bernstein announces forecast to exceed 2024 earnings forecast
$Taiwan Semiconductor (TSM.US)$ It was $169.55, 1.04 percent higher in the pre-market. According to sources, TSMC's rival Samsung is trying to improve 3nm process yield in an attempt to seize TSMC's market share, but HSBC sees that TSMC will maintain its leading position and continue to be a priority partner for advanced wafer foundries.
Meanwhile, Wall Street investment bank Bernstein raised TSMC's target share price from $150 to $200. Analysts pointed out that high-end smartphones and advanced nodes are pushing TSMC above the 2024 performance guidance target.
Analysts say TSMC's third-quarter earnings guidance exceeded expectations,Earnings for the full year 2024 are expected to increase 25%, and earnings per share are expected to increase 28%.
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tm_speedstyle371 : If the current valuation is based on TSMC's overwhelming sales, how much would the stock price originally be? Geopolitical risks, on the contrary, have created investment opportunities, and I think stocks can be bought at low prices.
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