Taiwan Semiconductor's Pre-Q3 Earnings: ETFs in Focus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 11 2024
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Source: NASDAQ.COM
Upcoming Earnings Report: Taiwan Semiconductor (TSMC) is set to report its third-quarter 2024 results on October 17, with earnings expected at $1.74 per share and revenues of $22.72 billion, driven by strong demand for AI-related chips.
Stock Performance and Outlook: TSMC's stock has risen approximately 75% this year, with analysts projecting continued revenue growth due to AI demand; however, the stock's valuation remains higher than the industry average.
Analyst Views on SMH
Wall Street analysts forecast SMH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 402.820
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
