Needham analyst Charles Shi has maintained their bullish stance on TSM stock, giving a Buy rating on April 15.
Charles Shi has given his Buy rating due to a combination of factors that reflect both the current performance and future potential of TSMC. The company reported robust first-quarter results for 2025 and provided guidance for the second quarter that exceeded market expectations, showcasing its strong operational capabilities. Despite some concerns about tariffs affecting market demand, TSMC’s management has maintained a positive revenue outlook for the year, projecting growth in the mid-20s percentage range.
Furthermore, TSMC’s capital expenditure plans remain solid, with a significant investment budget that includes a portion allocated to their new Arizona project. This commitment to expansion underscores confidence in their long-term growth strategy. Additionally, while there are supply constraints in the AI sector, management anticipates a more balanced supply and demand situation by 2026, which could further bolster TSMC’s market position. Overall, the company’s strong fundamentals and strategic investments contribute to Shi’s optimistic outlook.
In another report released on April 15, Bernstein also reiterated a Buy rating on the stock with a $251.00 price target.