TSMC Stock Price Target Raised to $290 on Strong AI Demand

Core Insights - Taiwan Semiconductor Manufacturing Company Limited (TSMC) is gaining attention as a key player in the AI sector, with analysts raising price targets due to a positive outlook on AI demand [1][2] - The company is expected to experience a 33% revenue growth for the year, driven by strong AI demand and early signs of recovery in non-AI segments [2][3] - TSMC's 2025 revenue is projected to exceed guidance, with a 23% earnings CAGR and a maintained target forward P/E of 19x [3] Revenue Growth - TSMC is anticipated to achieve a 33% revenue growth for the year, supported by robust AI demand and improving non-AI segments [2] - Export data indicates a rapid increase in demand, particularly for whole CSPs, reflecting strong AI growth expectations for the upcoming year [2] Earnings Projections - The company is projected to have a 23% compound annual growth rate (CAGR) in earnings, with a price target raised to NT$1,444 while maintaining an Outperform rating [3] Market Position - TSMC is recognized for manufacturing advanced chips utilized in AI applications, positioning itself as a significant player in the technology sector [3]