Nomura Raises TSMC Target Price to TWD2,280 and Maintains Buy Rating
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
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Source: aastocks
TSMC Revenue Guidance: TSMC's 1Q26 revenue guidance exceeded market expectations, with a projected revenue growth of approximately 30% for the year and a long-term gross profit margin forecast of over 56%.
Capital Expenditure and AI Demand: The company plans a capital expenditure budget of $52 billion to $56 billion for 2026, reflecting confidence in structural AI demand for 2028-2029.
Earnings Estimates Adjustment: Following TSMC's updated earnings guidance, Nomura raised its EPS estimates for 2026-2027 by 7% and 4%, respectively.
Target Price Increase: Nomura increased its target price for TSMC's stock from TWD2,135 to TWD2,280, maintaining a "Buy" rating.
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.
