TSMC price target lowered to NT$1,250 from NT$1,300 at BofA

BofA analyst Brad Lin lowered the firm’s price target on TSMC (TSM) to NT$1,250 from NT$1,300 and keeps a Buy rating on the shares. The firm cut estimates on increased demand uncertainties caused by tariffs but says a correction is already priced into the shares. TSMC continues to guide for mid-20% revenue growth in 2025, on strong artificial intelligence momentum and a mild recovery across other end markets, the analyst tells investors in a research note.