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For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.To add Benzinga News as your preferred source on Google, click here.","market":"hk","thumbnail":"https://cdn.benzinga.com/files/images/story/2026/02/13/Hsinchu-City--Taiwan--August-18--2022-Ta.jpeg?optimize=medium&dpr=2&auto=webp&width=240","type":0,"news_type":0,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/13/Hsinchu-City--Taiwan--August-18--2022-Ta.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/analyst-stock-ratings/initiation/26/02/50610259/this-taiwan-semiconductor-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-friday","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.benzinga.com/analyst-stock-ratings/initiation/26/02/50610259/this-taiwan-semiconductor-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-friday","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"benzinga_recent_news","symbols":["BLSX","BLSG","TSM","BK4112"],"gpt_icon":0},{"id":"2611168063","title":"Taiwan Semiconductor Initiated at Buy by DA Davidson","url":"https://stock-news.laohu8.com/highlight/detail?id=2611168063","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2611168063?lang=en_us&edition=fundamental","pubTime":"2026-02-13 22:22","pubTimestamp":1770992520,"startTime":"0","endTime":"0","summary":"Ratings actions from Benzinga: https://www.benzinga.com/quote/TSM/analyst-ratings \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 13, 2026 09:22 ET (14:22 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I don't know about you, but I would set the destination circuits to June 1, 1932. On that date, the S&P 500 had fallen 86.2% from its peak price in 1929.That way, I could earn some of the highest annualized long-term total returns ever recorded: roughly 12.3%, 15.1% and 16.1% over the ensuing 10, 20 and 25 years, respectively. A 16.1% annualized return over 25 years would turn $100,000 into nearly $4.2 million.I wouldn't thank Doc Brown's flux capacitor for my millions. Instead, I'd thank what many financial advisers and asset managers call a \"dangerously overconcentrated\" stock market.In the 1990s, brokers called index funds \"tax bombs\" that would supposedly hit investors with huge, unexpected tax bills.  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