GLONGHUI June 28 | TSM.US (TSM.US) rose 0.91% to $173.2 in the premarket. Goldman Sachs believes that TSMC will maintain its full-year performance guidelines and industry outlook unchanged, and reaffirms that revenue for the 2024 fiscal year is expected to increase by 24% year-on-year. The second-quarter results will generally be in line with its performance guidelines. Looking ahead to the third quarter of this year, the bank expects TSMC's revenue to grow 10.9% quarterly and gross margin to fall to 52.8%. The bank maintains the forecast that TSMC's FY2025 capital expenditure will increase by 22% year on year, and believes that management will maintain the 2024 capital expenditure guidelines between US$28 billion and US$32 billion. Goldman Sachs maintained its target price of $218 for TSMC's US stock and reaffirmed the “buy” (convinced buy list) rating.
美股异动丨台积电盘前涨近1% 获高盛重申“买入”评级
U.S. Stock Market News: Taiwan Semiconductor rose nearly 1% before the market opened and received a reiteration of a "buy" rating from Goldman Sachs.
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