Barclays Raises Taiwan Semi Price Target to $470

Barclays analyst Simon Coles raised the price target on Taiwan Semi (NYSE: TSM) to $470.00 (from $450.00) while maintaining a Overweight rating.

“TSMC remains a core holding. Another quarter of impressive delivery, a guidance upgrade earlier than expected with AI demand strengthening means momentum is set to continue.

We raise estimates, reiterate OW. PT increased to $470 (was $450).”

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