Morgan Stanley and Goldman Sachs have successively raised the target price of TSMC this year.

Global leading semiconductor foundry TSMC has delivered impressive financial results, prompting various foreign brokerages to raise their target prices. Among them, Morgan Stanley has raised the target price for TSMC to 2,588 New Taiwan Dollars, while Goldman Sachs has set a target price of 2,750 New Taiwan Dollars. Morgan Stanley stated that TSMC is expected to see a 10% quarter-on-quarter revenue growth in the second quarter of 2026, higher than the market's general expectation of 5%-10% quarter-on-quarter growth. Despite weak demand for personal computers and smartphones, as well as some macro uncertainties, the demand for artificial intelligence remains strong. TSMC has also raised its full-year growth forecast to over 30%, up from the previous "close to 30%" year-on-year growth. Therefore, Morgan Stanley has raised its revenue forecast for this year to a year-on-year growth of 36%. Goldman Sachs, on the other hand, believes that TSMC's prospects continue to improve under the strong momentum of artificial intelligence. TSMC benefits from rising average selling prices and continued improvement in production efficiency, with gross profit margin in the first quarter of 2026 higher than originally estimated and market expectations.