Barclays Raises Price Target on Taiwan Semiconductor Manufacturing Company (TSM) Following Strong Earnings

Barclays raised its price target on Taiwan Semiconductor Manufacturing Company (TSM) to $470 from $450, citing strong earnings and increased AI demand. TSM reported a 58% increase in first-quarter profit, driven by robust AI chip demand, and maintained an Overweight rating.

By Ghazal Ahmed Thu, April 23, 2026 at 4:34 PM GMT+3 1 min read · Yahoo Finance · April 23, 2026, 13:34 UTC

Tickers: $META $TSLA $TSM

Topics: AI Stocks Analyst Ratings Barclays Earnings Performance TSMC

Read the full article at Yahoo Finance

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