Bank of America Adjusts TSMC (TSM) Price Target Amid Uncertain Demand | DETSFA Stock News

6 days ago

Bank of America analyst Brad Lin recently adjusted the price target for Taiwan Semiconductor Manufacturing Company (TSM), reducing it from NT$1,300 to NT$1,250. Despite this adjustment, the analyst maintains a Buy rating on TSM shares.

The revision comes in response to uncertainties in demand, primarily due to the effects of tariffs. However, Lin believes that the current share price already reflects this potential correction.

Looking forward, TSMC remains optimistic about its revenue growth, expecting an increase in the mid-20% range by 2025. This projection is supported by strong momentum in the artificial intelligence sector and a moderate recovery in various other markets.

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