Latest news with #MarkMoerdler
Yahoo
6 days ago
- Business
- Yahoo
TSM Faces Currency Headwinds—Bernstein Trims Target, Maintains ‘Outperform'
Taiwan Semiconductor Manufacturing Company Limited (NYSE:) is one of the AI Stocks Making Waves on Wall Street. On July 9, Bernstein SocGen Group analyst Mark Moerdler lowered its price target on the stock to $249.00 from $251.00, while maintaining an 'Outperform' rating on the stock. The firm quoted rapid foreign exchange movements as a reason behind the price target adjustment. According to the firm, currency headwinds may create significant pressure on the company's margins and revenues. It now assumes an exchange rate of 32.5 New Taiwan dollars to 1 U.S. dollar in Q2 2025 and 29 for Q3 2025 and beyond. A close-up of a complex network of integrated circuits used in logic semiconductors. These currency shifts are anticipated to drive 5% headwind versus Taiwan Semi's guidance assumption in Q2 2025 and another 6% in Q3 2025. It also estimates foreign exchange pressure will impact Taiwan Semi's revenue by approximately 5.5% in 2025 and another 4-4.5% in 2026 for the full year. Nevertheless, the firm believes TSM's fundamentals will improve despite currency challenges. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells advanced chips used in artificial intelligence applications. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
03-07-2025
- Business
- Business Insider
Microsoft Stock (MSFT) Slips as Layoffs Come for Another 9,000 Employees
Microsoft (MSFT) stock dipped on Wednesday alongside reports that the tech giant will cut another 9,000 jobs, or 4% of its 228,000-person workforce. The finer details of these layoffs are unclear, but recent reports suggest that Microsoft will largely target its sales team with this headcount reduction. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. It's still unknown what's behind these layoffs, but it wouldn't be surprising if artificial intelligence was at the core of them. Many companies have started cutting workers as they adopt AI to handle the tasks instead. Microsoft is a big player in the AI space and one of the companies that would largely benefit from automating certain tasks. It has also invested significant funds in AI and can help offset this cost with a smaller workforce. It also bears mentioning that these aren't the first Microsoft layoffs in 2025. The company already cut 6,000 jobs in May and made similar reductions in 2024. While AI likely contributed to this, tech companies have also been scaling back their workforces after overhiring during the COVID-19 pandemic. Microsoft Stock Movement and Analyst Updates MSFT stock was down 0.38% on Wednesday morning, following a 1.08% drop yesterday. Even so, the shares were still up 17.19% year-to-date and 6.79% over the past 12 months. The latest coverage of MSFT stock includes two updates from analysts: Five-star Bernstein analyst Mark Moerdler reiterated a Buy rating and $540 price target, implying a 9.74% upside. Top Morgan Stanley analyst Adam Wood maintained a Buy rating and $530 price target, suggesting a 7.71% upside. Is Microsoft Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Microsoft is Strong Buy, based on 30 Buy and four Hold ratings over the past three months. With that comes an average MSFT stock price target of $521.41, representing a potential 5.97% upside for the shares.
