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Analysts Offer Insights on Technology Companies: TSMC (TSM) and BlackBerry (BB)

Tipranks - Tipranks - Tue Oct 6, 10:52AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on TSMC (TSM) and BlackBerry (BB) with bullish sentiments.

TSMC (TSM)

Bank of America Securities analyst Haas Liu maintained a Buy rating on TSMC today. The company’s shares closed last Monday at $484.72.

Liu has an average return of 31.0% when recommending TSMC. ;'>

According to TipRanks.com, Liu is ranked #2622 out of 12514 analysts.

Currently, the analyst consensus on TSMC is a Strong Buy with an average price target of $541.29, which is a 13.1% upside from current levels. In a report issued on September 23, TipRanks – Google also reiterated a Buy rating on the stock with a $514.00 price target.

See the top stocks recommended by analysts >>

BlackBerry (BB)

CIBC analyst Todd Coupland maintained a Buy rating on BlackBerry today and set a price target of $13.00. The company’s shares closed last Monday at $9.03.

According to TipRanks.com, Coupland is a 5-star analyst with an average return of 16.0% and a 52.8% success rate. Coupland covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, Quarterhill, and Celestica. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BlackBerry with a $10.50 average price target, a 12.9% upside from current levels. In a report issued on September 26, TipRanks – OpenAI also upgraded the stock to Buy with a C$13.00 price target.

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