AI Revolution and Manufacturing: The AI revolution is not only about manufacturing capacity but also involves complex design processes, with companies like Cadence Design Systems evolving to meet the demands of the semiconductor industry.
Investment Opportunities: Cadence's integration of AI into its design tools has led to significant productivity improvements, making it an attractive long-term investment for those looking to capitalize on the AI age.
Challenges in Semiconductor Industry: The semiconductor industry faces significant challenges, including the complexity of chip design and the need for massive emulation capacity to test new chips, which has resulted in a growing backlog for companies like Cadence.
Strategic Acquisitions and Growth: Cadence's recent acquisition of Hexagon AB's design and engineering business marks a strategic pivot towards system design and analysis, enhancing its capabilities in simulating entire physical systems, thereby diversifying its revenue streams.
Wall Street analysts forecast TSM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSM is 313.46 USD with a low forecast of 63.24 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
Wall Street analysts forecast TSM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSM is 313.46 USD with a low forecast of 63.24 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 326.120
Low
63.24
Averages
313.46
High
390.00
Current: 326.120
Low
63.24
Averages
313.46
High
390.00
Barclays
NULL -> Overweight
maintain
$380 -> $450
2026-01-16
Reason
Barclays
Price Target
$380 -> $450
AI Analysis
2026-01-16
maintain
NULL -> Overweight
Reason
Barclays raised the firm's price target on TSMC to $450 from $380 and keeps an Overweight rating on the shares. The company's Q4 results were "strong across the board," the analyst tells investors in a research note.
TD Cowen
Hold
maintain
$325 -> $370
2026-01-16
Reason
TD Cowen
Price Target
$325 -> $370
2026-01-16
maintain
Hold
Reason
TD Cowen raised the firm's price target on TSMC to $370 from $325 and keeps a Hold rating on the shares. The firm updated its model following its better than expected quarterly results driven by manufacturing excellence. Its 2026 growth outlook is +30% year-over-year.
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Citi
Laura Chen
Buy
maintain
$2,450
2026-01-09
Reason
Citi
Laura Chen
Price Target
$2,450
2026-01-09
maintain
Buy
Reason
Citi analyst Laura Chen added an "upside 30-day catalyst watch" on TSMC while keeping a Buy rating on the shares with an NT$2,450 price target. Citi expects the company to issue a positive outlook on strong demand for its process node and advanced packaging business when reporting earnings on January 125.
Citi
Laura Chen
Buy
maintain
2026-01-09
Reason
Citi
Laura Chen
Price Target
2026-01-09
maintain
Buy
Reason
Citi analyst Laura Chen raised the firm's price target on TSMC to NT$2,450 from NT$1,800 and keeps a Buy rating on the shares. Citi cites strong demand for the company's advanced node from datacenter for the target bump.
About TSM
Taiwan Semiconductor Manufacturing Co Ltd is a Taiwan-based integrated circuit foundry service provider. The Company is primarily engaged in integrated circuit manufacturing services. It offers advanced process technologies, specialised process solutions, advanced photomask and silicon stacking, and packaging-related technologies, while supporting a comprehensive design ecosystem. The Company's products serve diverse electronic sectors including artificial intelligence, high-performance computing, wired and wireless communications, automotive and industrial equipment, personal computing, information applications, consumer electronics, smart internet of things, and wearable devices.
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.
