Citi Increases Target Price for TSMC (2330.TW) to TWD2,600 and Maintains Buy Rating
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
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Source: aastocks
TSMC Performance: TSMC's last quarter results exceeded both company guidance and market expectations, with a gross margin of 62% and an operating profit margin of 54%, leading to a net profit of TWD505.7 billion, which was 10% above forecasts.
Citi's Rating Update: Citi has included TSMC in its focus stocks, maintaining a Buy rating and increasing the target price from TWD2,450 to TWD2,600.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
