Nomura Raises TSMC Price Target to TWD2,135, Projects 25-30% Revenue Growth This Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
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Source: aastocks
Market Expectations: Due to severe supply constraints, earnings expectations for Asian AI semiconductor and server supply chain companies are projected to rise this year, according to a Nomura report.
TSMC's Growth Potential: TSMC is expected to leverage the strong AI logic semiconductor market, particularly driven by Nvidia and Broadcom, leading to a potential revenue increase of 25-30% in USD terms.
Target Price Adjustment: Nomura has raised its target price for TSMC's stock from TWD1,855 to TWD2,135, maintaining a valuation basis of 25x projected 2026 EPS.
Investment Rating: The rating for TSMC has been reiterated as "Buy" by Nomura, reflecting confidence in the company's growth prospects amidst the AI semiconductor boom.
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.
