UBS raised its target price for Taiwan Semiconductor Manufacturing Co. (TSMC) to NT$3,400 from NT$3,000 on Monday and maintained a “buy” rating.
According to Odaily, the brokerage also lifted its forecast for TSMC’s overall sales growth in 2026, saying the company’s performance growth momentum is expected to continue over the medium to long term. UBS also projected that TSMC may begin raising product prices in early 2027 to further improve profitability.
UBS forecast that TSMC will continue increasing capital expenditures from 2026 to 2028 and implement multiple capacity expansion plans. It said these moves could help ease industry issues including tight chip supply and customers’ reliance on single supply chains.
UBS said demand for CPUs, AI accelerators, and edge intelligence applications is continuing to rise, supporting the company’s expansion plans.
STOCKS | UBS Raises TSMC Target Price to NT$3,400 and Maintains Buy Rating
2026-06-29 14:06:25
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