Prediction: Taiwan Semiconductor Stock Will Reach a Fresh High Before 2026 Ends
Taiwan Semiconductor is reasonably priced for its growth and market position.
Overview
Taiwan Semiconductor Manufacturing (NYSE: TSM) has had an incredible year to date, rising over 40%. However, it's about 10% down from its all-time high established on June 30. While it has rallied from its lows at the end of July, the stock still has some room to run before getting back to all-time highs. However, I don't think it will be long before it sets new records.
I think Taiwan Semiconductor is well equipped to establish a new all-time high before 2026 is over, making it a solid stock to buy today.
Image source: Taiwan Semiconductor Manufacturing Company.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.