In recent trading, shares of Taiwan Semiconductor Manufacturing Co., Ltd. (Symbol: TSM) have crossed above the average analyst 12-month target price of $204.71, changing hands for $205.84/share. When a stock reaches an analyst’s target, they typically face two potential responses: they can downgrade the stock due to valuation concerns or revise their target price upward. Analyst reactions can also hinge on recent developments within the company. If positive trends emerge, it may be appropriate to raise the target price.
Seven analysts contribute to the average target for Taiwan Semiconductor Manufacturing Co., Ltd. While this average is useful, it’s important to note that opinions vary widely. For instance, one analyst has set a target of $170.00, while another has forecasted a price as high as $250.00. The standard deviation among estimates stands at $28.264, reflecting this range of opinions.
Investors and analysts look at the average TSM price target to benefit from collective insights rather than relying solely on individual predictions. With TSM now above the target price of $204.71/share, it signals a moment for investors to reassess. Are they viewing this price as a stopping point before further gains, or is it time to consider selling some shares? The table below outlines the current analyst ratings for Taiwan Semiconductor Manufacturing Co., Ltd.:
| Recent TSM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 8 | 8 | 8 | 8 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.3 | 1.3 | 1.3 | 1.3 |
The average rating shown above ranges from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on TSM, it is available for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
