JPM Raises PT on Taiwan Semiconductor Manufacturing Company Limited (TSM), Keeps a Buy

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is 1 of the Best Unstoppable Growth Stocks to Buy Right Now. The stock terms of TSM roseate much than 54% past year, and Wall Street sees further maturation with an expert 12-month terms people suggesting astir 10% upside from the existent level. Recently, connected December 7, JPMorgan raised the terms people connected the banal from NT$1,700 to NT$2,100 and maintained a Buy standing connected the stock.

The steadfast expects Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to proceed its maturation trajectory successful 2026. JPMorgan projects a 30% summation successful gross during the year, driven by the rising request for its N3 and a beardown ramp-up of N2. Moreover, the steadfast besides sees the institution improving its gross margins driven by amended gross mix, higher yields connected N3, and favourable TWD speech rates among tailwinds. Looking up astatine 2027, JPMorgan projects astir 20% gross growth, reflecting a semipermanent bullish sentiment astir the stock.

That said, earlier connected January 1, Reuters reported that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been granted an yearly licence to import US spot manufacturing instrumentality to its Nanjing facilities. According to the report, absorption noted that the licence volition let the institution to guarantee uninterrupted fab operations and merchandise delivery. Moreover, the licence allows the institution to import instrumentality from the US without the request of idiosyncratic vendor licenses.

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM), unneurotic with its subsidiaries, manufactures, packages, tests, and sells ICs and different semiconductor devices successful Taiwan, China, Europe, the Middle East, Africa, Japan, the US, and internationally.

While we admit the imaginable of TSM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.