TSMC price target raised to $600... CPU revenue estimate in August report
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Bernstein raised its price target on TSMC ($TSM) to $600 from $554, maintaining an Outperform rating, according to a Crypto Briefing report citing the brokerage. The revision follows an August 10 note in which Bernstein lifted its target to $554 from $430; that report is separate from the latest change. Bernstein's CPU-related revenue estimates were published in the August report rather than the new note. The move signals continued analyst confidence in TSMC's earnings outlook even as the stock trades well below the new target. Investors will watch whether other brokerages follow with upgrades and how TSMC's CPU-linked revenue trajectory develops.
Muhabbit's AI wrote this summary in its own words from TokenPost's report. It can get details wrong, so check the source.
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TSMC (TSM), Bernstein, Crypto Briefing
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