Goldman Sachs lowers price target for TSMC due to Taiwan currency appreciation

From Yahoo Finance: 2025-05-23 17:25:00

Goldman Sachs has lowered its price target on TSMC (TSM) to NT$1,145 from NT$1,190 due to the appreciation of the Taiwan currency against the US Dollar. The firm maintains a Buy rating on the shares, citing TSMC’s strong technology leadership and execution capabilities for long-term growth opportunities. Despite the price target decrease, Goldman Sachs remains optimistic about TSMC’s prospects. This news was first reported on TheFly, a source for real-time financial news.

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Read more at Yahoo Finance: TSMC price target lowered to NT$1,145 from NT$1,190 at Goldman Sachs