Wall Street analysts raised price targets for Taiwan Semiconductor Manufacturing Co. (TSM) due to sustained AI chip demand. Barclays increased its price forecast for the company to $625 from $470. Morgan Stanley boosted its target by 12% on expectations of stronger revenue and pricing.
Susquehanna, Bank of America, and UBS issued bullish outlooks highlighting the company's dominance in advanced manufacturing. Barclays expects TSM capital expenditures to reach $56 billion in 2026. Capital spending is projected to hit $74 billion in 2027 to meet surging demand.