TSM - TSMC's Market Cap Hits $1 Trillion: What's Going On With The Stock? | Benzinga
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) shares are trading higher Monday, and the company's market capitalization reached the $1 trillion mark.
What To Know:
Taiwan Semiconductor shares have gained nearly 80% year-to-date, and several analysts have raised their price targets on the stock ahead of the company's second-quarter earnings report.
Morgan Stanley upped its price target on TSMC's stock by roughly 9% over the weekend and predicted the company will raise its full-year sales forecast in its upcoming earnings announcement, Bloomberg reported.
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"TSMC's ‘hunger marketing' strategy appears to be effective," Morgan Stanley analyst Charlie Chan noted. The note also highlighted TSMC is conveying a message that leading-edge ...