New Street Research analyst Pierre Ferragu reiterated a Buy rating on TSMC’s Taiwan-traded shares. He sees about 34% upside for TSMC’s U.S.-listed American...
New Street Research says investors should overlook near-term softness in Taiwan Semiconductor Manufacturing’s business and focus on the company’s sizable long-term growth opportunity.
“We expect TSMC’s revenue to strongly rebound next year and reach $100 billion in 2025,” he wrote. We take “comfort our conviction from a bottom-up perspective, looking at how TSMC’s top customers, which we all know very well, will contribute to such growth.”In July, TSMC lowered financial guidance for the year, forecasting a decline of 10% year over year in revenue. TSMC dominates the market for manufacturing high-end chips.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
TSMC’s Chip Recovery May Be Delayed, Says J.P. MorganJ.P. Morgan analyst Gokul Hariharan predicts Taiwan Semi will offer a mixed outlook next month. But 2025 will be a “big year” for TSMC, as its customers...
Consulte Mais informação »
Nike Earnings Handily Beat Estimates, While Revenue Misses SlightlyRevenue of $12.9 billion for the latest quarter was just shy of expectations for $13 billion in revenue, but earnings were well ahead of the Street's...
Consulte Mais informação »
Nike reports blowout earnings in Q1, but revenue falls short of estimates By Investing.comNike reports blowout earnings in Q1, but revenue falls short of estimates
Consulte Mais informação »
Kropz reports $14.1m in interim revenueAfrican phosphate developer and producer Kropz Group recorded revenue of $14.1-million for the six months ended June 30. The interim period also saw it record the first sales from the trial production phase.
Consulte Mais informação »
Why JetBlue Stock Is Jumping After the Company’s Revenue WarningIt was only a matter of time before JetBlue Airways issued updated third-quarter guidance. It was never going to be higher.
Consulte Mais informação »