Is Taiwan Semiconductor Going to $150? 1 Wall Street Analyst Thinks So

Taiwan Semiconductor Manufacturing (TSM -5.02%) recently received another price target hike from Bernstein Research. The investment firm maintained an "outperform" rating and set a new price target of $150 from $125 previously. With TSMC's stock price at $139.44, that new target represents a 7.6% jump over the next 12 to 18 months.TSMC is back in growth mode in 2024One reason for the upgrade comes from the belief that Intel outsourcing some of its production to TSMC, as it is better known, is helping the la ...