• TSMC is trading at $382.80 (+4%) after Barclays increased its price target on the stock.
  • Barclays raised its price target on TSM to $470.00 from a previous $450.00, maintaining an "overweight" rating.
  • The stock is also benefiting from a broader tech-led market rally after an Iran ceasefire extension eased geopolitical tensions, boosting investor sentiment.