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TSMC stock eyes 52-week high: here's why Citi hiked its target by 32%

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TSMC stock eyes 52-week high: here's why Citi hiked its target by 32%

TSMC Taiwan-listed shares are trading near the top of their range at roughly NT$2,445–NT$2,465, close to the 52-week high of NT$2,535 (only ~3% below). Analysts are growing more confident the contract chipmaker still has upside, supporting continued strength in the stock.

Analysis

TSMC Taiwan-listed shares are trading near the top of their range at roughly NT$2,445–NT$2,465, close to the 52-week high of NT$2,535 (only ~3% below). Analysts are growing more confident the contract chipmaker still has upside, supporting continued strength in the stock.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25

Ticker Sentiment

TSM0.35
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