05:55 AM EDT, 04/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 4-STARS (Buy) rating on TSM and raise our target price to USD199 (from USD171). Our higher valuation of 22x 2025 P/E (from 19x) reflects market sentiment recovery following initial tariff concerns, now trading slightly above its five-year average of 19.6x. TSM has risen by 6.1% since our last update on April 18, as investors weigh potential tariff mitigation factors including direct trade negotiations, product exemptions, and sector-specific impacts. We maintain our EPS forecasts at TWD292.01 for 2025 and TWD341.67 for 2026, supported by TSM's continued dominance in leading-edge nodes. We remain confident in TSM's ability to maintain full utilization rates for N3, N4/N5, and CoWoS capacity throughout 2025, driven by strong demand from flagship smartphone SoCs, AI accelerators, and crypto applications. The management USD40B capex plan for 2025 (+34% Y/Y) further underscores our confidence in TSM's growth trajectory over the next few years.