
TSM Stock Forecast & Price Target
TSM Analyst Ratings
Bulls say
Taiwan Semiconductor Manufacturing Co. (TSMC) has achieved a notable increase in earnings per American Depository Share (ADS) for CY26, with estimates rising from $12.13 to $12.61, reflecting robust operational performance. The firm anticipates a significant revenue boost, with a projected growth rate increase from 20% to 25%, attributed to stronger demand for artificial intelligence (AI) applications and new N3 capacity coming online in the latter half of 2026. Additionally, TSMC is gaining market share in CPU fabrication, bolstered by partnerships with major companies such as Apple, AMD, and Intel, further solidifying its leadership position in the semiconductor foundry industry.
Bears say
Taiwan Semiconductor Manufacturing Co. (TSMC) has exhibited signs of potential revenue decline, noting a projected drop of 1% QoQ for Q4, marking the first anticipated decline for this historically strong quarter. Despite reporting a solid gross margin of 59.5% in Q3, management has cautioned about a sequential decrease of approximately 200 basis points in Q4 due to foreign exchange impacts and the ramp-up of overseas fabrication production. Additionally, the company's capital intensity remains high at approximately 33%, flat YoY, raising concerns about the sustainability of future revenue growth relative to capital expenditures.
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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