Rating Quick Look | Taiwan Semiconductor and Coinbase's target prices significantly raised! Weibo faces "price cuts"

Bank of America: Raises Taiwan Semiconductor's US stock target price to $155, rating it as "buy"

The bank expects that the demand for structural advanced nodes will be stronger with the support of artificial intelligence capabilities, computing power, and energy-saving requirements. In addition, Intel recently confirmed outsourcing Lunar/Arrow Lake CPU modules to Taiwan Semiconductor, which the bank believes is a good sign for Taiwan Semiconductor's industry-leading position.

Bank of America also forecasts that Taiwan Semiconductor's foundry revenue below the industry-leading 7nm process will achieve a compound annual growth rate of 22% from 2023 to 2025.

JPMorgan: Raises Coinbase's target price from $95 to $150

JPMorgan: Maintains a "neutral" rating on Weibo, lowering the target price from HK$90 to HK$84

Although the valuation is approaching historical lows, the bank still advises investors not to reassess the group until the prospects for online advertising in China begin to improve.

Bank of America: Reiterates a "neutral" rating on BEIGENE, raising the target price from HK$103.5 to HK$108.27

The bank noted that following the FDA's approval of BEIGENE's development of tislelizumab, and the strong performance of related drug sample sales in January, the bank has raised the company's overall revenue forecasts for 2024 to 2026 by 0.9%/1.2%/0.7% respectively