TSMC price target raised to $150 from $145 at Barclays

Barclays raised the firm’s price target on TSMC to $150 from $145 and keeps an Overweight rating on the shares. The company beat Q1 expectations and guided Q2 revenue ahead of consensus but revenue growth and capex guidance for 2024 were reiterated, the analyst tells investors in a research note. The firm says TSMC has lowered its industry growth expectations slightly and continues to expect a gradual recovery in most end markets this year.