Taiwan Semiconductor Manufacturing (TSM) Stock Forecast & Price Target

$451.41 +0.26 (+0.06%)

Closing price 09/25/2026 03:59 PM Eastern

Extended Trading

$451.12 -0.28 (-0.06%)

As of 09/25/2026 07:58 PM Eastern

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Taiwan Semiconductor Manufacturing - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Buy

Based on 17 Analyst Ratings

Sell
0

Hold
1

Buy
16

Based on 17 Wall Street analysts who have issued ratings for Taiwan Semiconductor Manufacturing in the last 12 months, the stock has a consensus rating of "Buy." Out of the 17 analysts, 1 has given a hold rating, 13 have given a buy rating, and 3 have given a strong buy rating for TSM.

Consensus Price Target

$523.22
15.91% Upside

According to the 17 analysts' twelve-month price targets for Taiwan Semiconductor Manufacturing, the average price target is $523.22. The highest price target for TSM is $650.00, while the lowest price target for TSM is $330.00. The average price target represents a forecasted upside of 15.91% from the current price of $451.41.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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TSM Analyst Ratings Over Time

Type	Current Forecast 9/27/25 to 9/27/26	1 Month Ago 8/28/25 to 8/28/26	3 Months Ago 6/29/25 to 6/29/26	1 Year Ago 9/27/24 to 9/27/25
Strong Buy	3 Strong Buy rating(s)	3 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	4 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$523.22	$524.25	$449.38	$286.67
Forecasted Upside	15.91% Upside	25.26% Upside	-1.29% Downside	4.85% Upside
Consensus Rating	Buy	Buy	Buy	Moderate Buy

TSM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TSM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Taiwan Semiconductor Manufacturing Stock vs. The Competition

Type	Taiwan Semiconductor Manufacturing	Technology Companies	Broader Market
Consensus Rating Score	3.12	2.23	2.53
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	15.91% Upside	370.53% Upside	19.20% Upside
News Sentiment Rating	Positive News See Recent TSM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/22/2026	Weiss Ratings 5 of 5 stars		Upgrade	Hold (C+) ➝ Buy (B-)
9/1/2026	Stifel Nicolaus 4 of 5 stars	Sahej Singh Not Rated	Initiated Coverage	Buy	$515.00	+24.23%
8/11/2026	Sanford C. Bernstein 3 of 5 stars	Mark Li Not Rated	Boost Target	Outperform	$430.00 ➝ $554.00	+31.36%
7/27/2026	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Charles Shi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$480.00 ➝ $530.00	+31.45%
7/17/2026	DA Davidson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gil Luria Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$450.00 ➝ $500.00	+26.66%
7/17/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Simon Coles Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$625.00 ➝ $650.00	+59.17%
7/17/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Krish Sankar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$400.00 ➝ $440.00	+9.69%
7/16/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mehdi Hosseini Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Positive	$575.00 ➝ $600.00	+43.05%
7/16/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
7/6/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
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6/24/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$490.00 ➝ $590.00	+35.08%
2/11/2026	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
1/23/2026	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Moderate Buy
1/15/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
1/15/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
1/5/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
12/7/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$330.00	+12.00%
10/7/2025	Itau BBA Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:57 AM ET.

Should I Buy Taiwan Semiconductor Manufacturing Stock? TSM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, September 26, 2026. Please send any questions or comments about these Taiwan Semiconductor Manufacturing pros and cons to contact@marketbeat.com.

Taiwan Semiconductor Manufacturing
Bull Case

Here are some ways that investors could benefit from investing in Taiwan Semiconductor Manufacturing:

Strong revenue growth driven by AI demand, with Q2 2026 revenue up 36% year-over-year and management raising the full-year 2026 revenue growth outlook to above 40%, signaling sustained momentum in high-performance computing and AI chip fabrication.
Attractive valuation relative to peers, as the stock trades at a P/E ratio of 32.57, which is significantly lower than competitors like AMD trading at 80x forward P/E, while maintaining a robust 45% net margin and 67.7% gross margin in Q2 2026.
Consistent analyst optimism, with a consensus rating of Buy and a price target of $523.22 as of September 13, 2026, representing approximately 16% upside from the current stock price of $451.41.
Positive insider activity, with multiple executives including the CEO and CFO purchasing shares in September 2026 at an average price of $76.20, indicating management confidence in the company's future performance.
Strategic positioning in the AI supply chain, as the company is tightening its grip on the market and is seen as a key enabler of AI chips, with potential to capture a larger share of AI economics as demand continues to climb.

Taiwan Semiconductor Manufacturing
Bear Case

Investors should be bearish about investing in Taiwan Semiconductor Manufacturing for these reasons:

Geographic diversification risks, as expanding manufacturing facilities outside of Taiwan is likely to decrease profit margins due to higher operational costs and supply chain complexities.
Recent stock price volatility, with the stock experiencing a decline to $442.87 on September 23, 2026, and trading near its 52-week high of $479.00, which may limit short-term upside potential for new investors.
High beta of 1.39, indicating that the stock is more volatile than the overall market, which could lead to larger price swings during market downturns or periods of economic uncertainty.
Intense competition in the semiconductor industry, with rivals like AMD and other foundries vying for market share, which could pressure pricing and margins as the AI boom matures and demand normalizes.
Regulatory and geopolitical risks, as the company operates in a highly sensitive geopolitical environment, with potential for trade restrictions or export controls that could disrupt its global supply chain and customer base.

TSM Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Taiwan Semiconductor Manufacturing is $523.22, with a high forecast of $650.00 and a low forecast of $330.00.

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Taiwan Semiconductor Manufacturing in the last year. There is currently 1 hold rating, 13 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TSM shares.

According to analysts, Taiwan Semiconductor Manufacturing's stock has a predicted upside of 15.91% based on their 12-month stock forecasts.

Over the previous 90 days, Taiwan Semiconductor Manufacturing's stock had 4 upgrades and 3 downgrades by analysts.

Taiwan Semiconductor Manufacturing has been rated by research analysts at Barclays, Citigroup, DA Davidson, Needham & Company LLC, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, TD Cowen, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Taiwan Semiconductor Manufacturing more than other "technology" companies. The consensus rating for Taiwan Semiconductor Manufacturing is Buy while the average consensus rating for "technology" companies is Hold. Learn more on how TSM compares to other companies.

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Brokerages With Taiwan Semiconductor Manufacturing Recommendations

MarketBeat monitors more than a dozen sources for Taiwan Semiconductor Manufacturing analyst ratings, with the most recent rating issued on 9/22/2026.

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Taiwan Semiconductor Manufacturing (TSM) Stock Forecast & Price Target