Bank of America TSMC · TSM

Bank of America Raises TSMC Price Target to TWD2,560

1 min read Reproduced verbatim
Rating
Buy
Unchanged
Bank of America and TSMC logos

What the analyst said

BofA Securities analyst Haas Liu raised the price target on TSMC (2330:TT) (NYSE: TSM) to TWD2,560.00 (from TWD2,530.00) while maintaining a Buy rating.

“TSMC reported solid 1Q26 results and guided 2Q26 sales above at +9-12% QoQ while GM is guided up to 66.5% +/-1% driven by 3nm full utilization and price hike though mildly impacted by overseas fab ramp.

The company raised full year sales to 30%+ in US$, suggesting 10%+ HoH in 2H26 for steep 2nm ramp for Apple and AMD along with 3nm strength from GPUs/ASICs refreshes.

While GMs could dip to mid-60% in 2H26 on 2nm production, operating leverage should keep full year GM/OpM strong at 65%/57%.”

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Track record

Firm track recordBank of America: 86% of its 37 targets at least a year old were reached within 12 months (#10 of 21 firms). Accuracy ranking →

Earnings reactionOne of 9 notes after TSMC’s Apr 16 results: 3 raised · 0 cut · 1 kept. See every call →

Bank of America on TSMC

Bank of America price targets on TSMC

3 calls from April 13, 2026 to October 12, 2026. The target went from NT$2,530 to NT$3,260 (+29%). The rating stayed Buy.

Bank of America target
  1. October 12, 2026Target raised from NT$2,530 (+29%)BuyNT$3,260
  2. April 16, 2026 This noteRating only, no price targetBuyNo target
  3. April 13, 2026Earliest call shownBuyNT$2,530
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Other analysts on TSMC

DA DavidsonBuy Kept rating and price target Oct 16 $500maintained Nomura/InstinetBuy Raised price target, kept rating Oct 16 BarclaysBuy Raised price target +1%, kept rating Oct 16 $670from $665 StifelBuy Raised price target +1%, kept rating Oct 15 $520from $515 Lynx Equity Kept rating and price target Oct 15 NT$3,000maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.