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

Needham analyst Charles Shi maintained Taiwan Semiconductor Manufacturing Company TSM with a Buy and raised the price target from $210 to $225.The re-rating followed Taiwan Semiconductor’s upbeat quarterly print Thursday.Shi said that Taiwan Semiconductor’s third-quarter print showed a much more robust performance of 3nm primarily due to Apple Inc AAPL.Also Read: What’s Going On With Nvidia Stock On Friday?In contrast, the analyst says 5nm revenue is leveling off after six consecutive quarters of strong seq ...