J.P. Morgan says investors should overlook any near-term softness in the chip business and buy Taiwan Semiconductor Manufacturing Company shares for the company’s robust future prospects.
On Tuesday, analyst Gokul Hariharan reiterated his Overweight rating for
TSMC
(ticker:
TSM
). The analyst also reaffirmed his $650 Taiwan dollar price target for TSMC’s Taiwan-traded shares. The forecast represents about 33% upside from current levels in TSMC’s American depositary receipts.
Source: https://www.barrons.com/articles/taiwan-semi-stock-tsmc-51669740125?siteid=yhoof2&yptr=yahoo
Buy Taiwan Semi Stock Into a Weak Chip Market, Says J.P. Morgan
J.P. Morgan says investors should overlook any near-term softness in the chip business and buy Taiwan Semiconductor Manufacturing Company shares for the company’s robust future prospects.
On Tuesday, analyst Gokul Hariharan reiterated his Overweight rating for
TSMC
(ticker:
TSM
). The analyst also reaffirmed his $650 Taiwan dollar price target for TSMC’s Taiwan-traded shares. The forecast represents about 33% upside from current levels in TSMC’s American depositary receipts.
Source: https://www.barrons.com/articles/taiwan-semi-stock-tsmc-51669740125?siteid=yhoof2&yptr=yahoo