TSMC: Undervaluation Persists Ahead Of Q2 2024

JHVEPhoto Thesis In my previous article on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), I rated the stock as a "strong buy" explaining that my near-term stock price estimate stood at $$238.47, which suggested a 69.8% upside from the stock price at that time of $$144. Additionally, I suggested that for 2029, the stock could achieve a cost of $418.49. This last number suggested annual returns of around 33% throughout 2029. TSMC released Q1 2024 earnings on April 18. TSMC reported earnings  ...