
TSM Stock Forecast & Price Target
TSM Analyst Ratings
Bulls say
Taiwan Semiconductor Manufacturing Co. (TSMC) is projected to enhance its earnings per American Depository Share (ADS) from $12.13 to $12.61 for the fiscal year 2026, reflecting robust operational performance. The company anticipates approximately $5 billion in additional revenue growth due to stronger demand in artificial intelligence markets and increased revenue growth rates from 20% to 25%. Furthermore, TSMC's strategic focus on operational efficiency and its expansion in the CPU market—supported by partnerships with major customers such as Apple, AMD, and Intel—underscore its competitive position and potential for sustained growth.
Bears say
Taiwan Semiconductor Manufacturing Co. (TSMC) is facing potential challenges as it has guided for a 1% quarter-over-quarter revenue decline in Q4, which marks the first forecasted drop for this historically strong quarter. Furthermore, despite a strong gross margin of 59.5% in Q3, management has expressed concerns about a sequential decline of approximately 200 basis points in Q4 due to foreign exchange impacts and the ramp-up of overseas fabrication, which are expected to be margin dilutive. Additionally, the previously expected high-single-digit decline in foundry logic spending in 2026 reflects ongoing pressures in the semiconductor industry, contributing to a negative outlook for TSMC's stock.
This aggregate rating is based on analysts' research of Taiwan Semiconductor Manufacturing and is not a guaranteed prediction by Public.com or investment advice.
TSM Analyst Forecast & Price Prediction
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