Needham raises TSMC price target to $560, reiterates Buy

Needham analyst Charles Shi reiterated a Buy rating on TSMC while raising the price target from $530 to $560, citing the company's capex push as agentic AI expands. DA Davidson analyst Gil Luria reiterated a Buy rating with a $500 price target. TSMC shares were down Friday despite record profits.

Detected & updated continuously · Source: Nebula