Wall Street Insights on TSM Stock Price Forecast for the Coming 12 Months
Tuesday, 9 April 2024, 08:58
The TSM Surge: Recent Developments
Taiwan Semiconductor Manufacturing Company (NYSE: TSM) gained momentum after a $11.6 billion financial backing from the Biden administration.
Uplift in Chip Production: An allocation of $6.6 billion as grants aims to boost TSM's chip production in the U.S.
$65 Billion Investment: TSM's commitment to investing in American operations represents a significant growth opportunity.
Bullish Trends in TSM Stock
- Stock Price Performance: TSM's stock has seen a remarkable 60.46% increase in the last six months.
- Government Support: Funding from the U.S. government to build chip factories contributes to the positive momentum.
Analyst Insights on TSM
- Price Target: Wall Street analysts set a 12-month price target of $154.14 for TSM stock.
- Optimistic Recommendations: All eight analysts advise buying TSM stock, indicating strong confidence in its future performance.
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.