Investing in Taiwan Semiconductor Manufacturing: Analyst Sees 28% Upside Potential in Recovery Mode
Why Analysts are Bullish on TSM Stock
The chip industry is showing signs of recovery, setting the stage for growth in 2024. Taiwan Semiconductor Manufacturing (NYSE: TSM) is poised for significant growth driven by robust demand and improving revenue.
Earnings Growth Forecast
Analysts anticipate TSMC's EPS to rise towards $10, driven by increasing average selling prices. However, achieving this milestone may take a few years, with consensus estimates at $9 by 2026.
Investment Potential
With TSMC potentially hitting $230 by 2026, the current price target of $180 appears reasonable, reflecting the company's recovery. However, investors are advised to evaluate long-term growth prospects and economic stability before investing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.