TSMC is up 8% year-to-date, analysts are intensively raising target prices
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By:格隆汇
Glonghui, January 7th|Analysts are raising their price targets for TSMC, highlighting the market's continued bullish sentiment after its historic rally. Since the beginning of the year, at least six brokerage firms have raised their forecasts for TSMC's Taiwan-listed shares. JPMorgan raised its price target by 24% to NT$2,100 in a report on Wednesday, citing expectations of strong revenue growth and improved profitability. TSMC's stock price has risen 8% so far in 2026, after more than doubling over the previous three years amid relentless investor enthusiasm, driving the benchmark Taiwan stock index to repeated new highs. TSMC accounts for nearly 45% of the index's weighting. JPMorgan analyst Gokul Hariharan wrote in the report that, driven by expanding demand for the company’s most advanced process technologies and improved pricing, “We expect 2026 to be another year of strong growth for TSMC, with potential for further margin expansion.”
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