TSMC price target raised to $255 from $240 at Barclays

Barclays analyst Simon Coles raised the firm’s price target on TSMC (TSM) to $255 from $240 and keeps an Overweight rating on the shares. TSMC delivered a beat and raise quarter, the analyst tells investors in a research note. The firm says the company’s growth for 2025 is higher than expected and capex is also ahead of expectations. Artificial intelligence remains the driver of strong growth with other markets only expected to see a mild recovery, contends Barclays.