Investing in Taiwan Semiconductor Manufacturing: Analyst Sees 28% Upside Potential in Recovery Mode

Tuesday, 2 April 2024, 20:40

The chip industry is rebounding, driving growth prospects in 2024. Susquehanna analyst projects a 28% upside for Taiwan Semiconductor Manufacturing (NYSE: TSM) as the company anticipates strong demand and higher EPS. Despite the recovery, potential investors are advised to consider the stock's long-term growth trajectory and the broader economic landscape.
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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.


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