Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessBarclays' Nicholas Campanella Predicts Potential Growth for TSM 

Barclays’ Nicholas Campanella Predicts Potential Growth for TSM 

Add to Favorite
Added to Favorite


Barclays upgraded TSM to Overweight from Hold and increased the price target to $170 from $150.
TSMC’s strategic importance in the semiconductor industry is highlighted amidst geopolitical tensions and U.S. sanctions on Chinese AI chip companies.
The company’s stock has shown significant growth, with a year range from $84.02 to $160.78, reflecting its strong market position and demand for its manufacturing services.

On Wednesday, June 5, 2024, Barclays upgraded its rating on TSM (NYSE:TSM), also known as Taiwan Semiconductor Manufacturing Company, to Overweight, indicating a positive outlook on the stock’s future performance. This decision reflects Barclays’ confidence in TSM’s growth potential, despite maintaining a recommendation to hold. The upgrade was accompanied by a significant increase in the price target to $170 from $150, suggesting that Barclays sees a strong upside for TSM’s stock, which was trading at $152.47 at the time of the announcement.
Taiwan Semiconductor Manufacturing Company is a key player in the global semiconductor industry, providing essential manufacturing services to a wide range of clients, including major technology firms. The company’s role is particularly crucial given the current geopolitical tensions and the impact of U.S. sanctions on Chinese AI chip companies. These sanctions have led several Chinese firms to adjust their strategies by designing less powerful processors to maintain access to TSMC’s production capabilities. This situation underscores TSMC’s strategic importance in the semiconductor supply chain and its ability to navigate complex international relations.
The recent developments highlight TSMC’s resilience and adaptability in a challenging global market. The company’s stock has experienced fluctuations, with a recent decrease of 1.60% bringing the price to $152.47. Despite this, TSM’s stock has shown significant growth over the past year, with prices ranging from a low of $84.02 to a high of $160.78. This performance reflects the company’s strong market position and the high demand for its manufacturing services.
TSM’s market capitalization stands at approximately $680.87 billion, indicating its substantial size and influence in the industry. With a trading volume of about 9.94 million shares on the NYSE, TSM remains a highly watched and traded stock. The company’s ability to maintain production for its clients, even in the face of geopolitical challenges, is a testament to its operational excellence and strategic foresight.
The upgrade by Barclays, along with the increased price target, suggests that analysts are optimistic about TSM’s ability to continue its growth trajectory. The company’s strategic importance, coupled with its strong financial performance and market position, makes it a key player in the semiconductor industry. As TSM navigates the complexities of international trade and technology development, its stock remains a focal point for investors looking for opportunities in the tech sector.

Subscribe to get Latest News Updates

Latest News

You may like more
more