This Bullish Analyst Highlights Taiwan Semi's 3nm Strength and Margin Expansion Potential, Raises Forecast

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Shi maintained his belief that $110 billion is the correct revenue target for 2025 and noted the potential for significant margin improvement.

Needham analyst Charles Shi maintained Taiwan Semiconductor Manufacturing Company (NYSE:TSM) with a Buy and raised the price target from $210 to $225.

With no 2nm production expected next year, which would otherwise lower margins, he expects Taiwan Semiconductor’s gross margin to return to 60% in the second half of 2025.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesTaiwan

Topics: Benzinga Expert Ideas Analyst Color US8740391003 Analyst Ratings Trading Ideas Stories That Matter Briefs Top Stories TSM Price Target AAPL Reiteration News Tech US0378331005 AI Generated

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Article Type: News Report

Published On: 2024-10-18 @ 17:50:58 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 677 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23121437

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