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Analyst Rating: Will Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Stock Outperform the Market?

Tuesday, September 27, 2022 10:52 AM | InvestorsObserver Analysts
Analyst Rating: Will Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Stock Outperform the Market?

Wall Street is positive on Taiwan Semiconductor Mfg. Co. Ltd. (TSM). On average, analysts give the stock a Strong Buy rating. The average price target is $119.5, which means analysts expect the stock to rise by 62.52% over the next twelve months. That average ranking earns the stock an Analyst Rating of 53, which is better than 53% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.4
Wall Street analysts are rating TSM a Strong Buy today. Find out what this means to you and get the rest of the rankings on TSM!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Taiwan Semiconductor Mfg. Co. Ltd. Stock Today?

Taiwan Semiconductor Mfg. Co. Ltd. (TSM) stock is trading at $73.53 as of 10:49 AM on Tuesday, Sep 27, a rise of $0.41, or 0.56% from the previous closing price of $73.12. The stock has traded between $73.10 and $74.04 so far today. Volume today is light. So far 2,480,018 shares have traded compared to average volume of 9,716,927 shares. Click Here to get the full Stock Report for Taiwan Semiconductor Mfg. Co. Ltd. stock.

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