Taiwan Semiconductor Manufacturing (TSM) stock dropped 3.7% on Thursday, with Barclays upgrading its price target to $145 and TD Cowen raising theirs to $130.
Taiwan Semiconductor Manufacturing (TSM) stock price dropped 3.7% during trading on Thursday, reaching a low of $130.30. Analysts at Barclays upgraded the stock's price target from $125 to $145 and assigned an "overweight" rating, while TD Cowen raised their target from $100 to $130 with a "hold" rating. The stock's downward momentum may be linked to overall market weakness and reports suggesting China is phasing out foreign chips.
April 18, 2024
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