What is the price prediction for TSM?

TSMC's stock price is poised for potential upside, considering the following factors:

1. Analyst Optimism: The consensus rating for TSMC is a "Strong Buy" with an average analyst price target of $240, indicating a significant upside potential from the current price of $151.67. This suggests that analysts are generally optimistic about the company's future performance.

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2. Earnings Growth Prospects: TSMC is expected to report earnings per share (EPS) of $2.02 for the upcoming quarter, which represents a 46.38% increase from the same quarter of the previous year. This strong earnings growth could drive the stock price higher.
3. Revenue Growth Forecast: Despite some revisions in earnings forecasts due to geopolitical and AI-related uncertainties, TSMC's revenue growth prospects remain positive. JPMorgan anticipates a 5% to 8% revenue growth for the second quarter, driven by robust demand for advanced processes and the expansion of its packaging business. This suggests that TSMC's revenue growth could support a higher stock price.
4. Strategic Expansion: TSMC's ambitious $100 billion investment plan aims to expand U.S. operations and retain its core hub in Taiwan. These strategic moves could enhance the company's long-term prospects and support a higher stock price.
5. Market Sentiment: Despite recent market challenges and investor concerns, TSMC's stock has shown resilience, with a recent pre-market rise following advancements in chip packaging technology. This positive market sentiment could persist as the company continues to innovate and expand its operations.

In conclusion, considering the analyst optimism, earnings growth prospects, revenue growth forecasts, strategic expansion, and current market sentiment, TSMC's stock price is likely to have an upside potential in the near term. Investors should monitor the company's earnings report and any updates on its investment plans and AI chip demand for further insights.