UBS has raised its price target for Taiwan Semiconductor Manufacturing Co. Ltd. from NT$1,200 to NT$1,300, maintaining a 'Buy' rating following a strong Q3 2024 performance, where gross margin reached 57.8%. The company anticipates further growth, projecting Q4 revenue between $26.1 billion and $26.9 billion, driven by demand for advanced 3-nanometer and 5-nanometer technologies. For 2025, UBS forecasts a gross margin increase to 58.5%, supported by improved utilization rates and price adjustments.
UBS analyst Randy Abrams has raised the price target for Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (NYSE: TSM) to NT$1,300.00. This adjustment reflects the company's strong market position and growth potential.
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