When Will TSMC Stock Hit the Coveted $200 Mark?
Friday, 10 May 2024, 10:40
When TSM Stock Could Hit $200
Despite TSMC’s impressive performance, reaching the $200 milestone remains a challenging task with current average price targets below that mark. Analysts speculate on potential surges driven by positive momentum and upcoming technology advances.
TSMC Revenue Growth
- Recorded impressive 60% revenue growth in April, approximating $7.2 billion.
Stock Performance
- TSM shares rose 70% in NYSE and 60% in the Taiwanese stock market in the last 52 weeks.
- Current average 12-month price target: $162.64.
Conclusion: While TSMC shows promising growth and momentum, hitting the $200 price target may not happen until after 2024, despite positive trends in the tech sector.
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.