Key Stats for Taiwan Semiconductor Manufacturing Company Stock
- 1-year price change for Taiwan Semiconductor Manufacturing Company stock: 102%
- $TSM Stock Price as of May. 18: $396
- 52-Week High: $422
- $TSM Stock Price Target: $468
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What Happened?
Bernstein SocGen Group raised its price target for Taiwan Semiconductor Manufacturing Company (TSM) stock from $351 to $430 on Monday, while maintaining an Outperform rating. That implies roughly 23% upside from current levels.
- The firm expects TSMC to grow earnings per share at a 28% annual rate over the next 2.5 years — a number that’s hard to ignore for a company of this size.
- Bernstein’s bullish call comes on the heels of a blowout Q1 earnings report.
- TSMC posted revenue of $35.9 billion in Q1, up 31% year-over-year, and
- guided Q2 revenue between $39 billion and $40.2 billion — roughly 32% above Q2 last year.
- The company also raised its full-year 2026 CapEx outlook to the high end of its $52 billion to $56 billion range, citing surging demand from AI customers.
CEO C.C. Wei was blunt on the earnings call: AI demand is “extremely robust,” supply remains tight, and the company is building new fabs as fast as it can.
Capacity for 3-nanometer chips is being expanded across Taiwan, Arizona, and Japan through 2028.
What the Market Is Telling Us About Taiwan Semiconductor Manufacturing Company Stock
Bernstein directly addressed the competitive elephant in the room. Rumors that Apple may be working with Intel have made some investors nervous.
But the firm doesn’t see that as a real threat. Any Apple production at Intel would likely be limited to small, lower-end chips — not the advanced silicon that drives TSMC’s growth story.
Samsung Foundry is also improving, but Bernstein noted TSMC is already mass-producing true 2-nanometer chips while Samsung is still working on equivalent processes. That’s a meaningful technology lead.
TSMC stock currently looks cheap relative to earnings growth, based on the PEG ratio. In simple terms: you’re paying a reasonable price for a lot of future growth.
With AI demand accelerating and competitors struggling to close the gap, TSMC stock could have a long runway ahead.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
