DA Davidson Reiterates Buy on Taiwan Semi, $450 PT

DA Davidson analyst Gil Luria reiterated a Buy rating and $450.00 price target on Taiwan Semi (NYSE: TSM).

“We reiterate our BUY rating and price target of $450 on TSM following strong 1Q26 earnings that were highlighted by a beat on top and bottom-line expectations.

Advanced technologies accounted for 74% of wafer revenue (-3% Q/Q; +1% Y/Y), with management guiding capital expenditures towards the high end of their prior range ($52-56B) to meet continued demand for leading-edge process technologies.”

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