Barclays TSMC · TSM

Barclays Raises Taiwan Semi Price Target to $470

Analyst: Simon Coles 1 min read Reproduced verbatim
Rating
Overweight
Target
$470
from $450 (+4%)
Outcome
Reached
on June 30, 2026
Barclays and TSMC logos

What the analyst said

Barclays analyst Simon Coles raised the price target on Taiwan Semi (NYSE: TSM) to $470.00 (from $450.00) while maintaining an Overweight rating.

“TSMC remains a core holding. Another quarter of impressive delivery, a guidance upgrade earlier than expected with AI demand strengthening means momentum is set to continue.

We raise estimates, reiterate OW. PT increased to $470 (was $450).”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

TSM trades at $399. The 6 analysts who set a target in the last 3 months range from $500 to $1,000, with a median of $557. This $470 target is 16% below the median, the lowest on the Street.

Since the note TSM has moved +9% (from $366). 12-month window: day 195 of 365, closes on April 21, 2027.

Track record

This call✓ Target reached on June 30, 2026, 2 months after the note.

Firm track recordBarclays: 83% of its 40 targets at least a year old were reached within 12 months (#7 of 26 firms). Accuracy ranking →

Barclays on TSMC

Barclays price targets on TSMC

5 calls from January 16, 2026 to October 16, 2026. The target went from $450 to $670 (+49%). The rating stayed Buy.

Barclays targetTSM share price
  1. October 16, 2026Target raised from $650 (+3%)Buy$670
  2. July 17, 2026Target raised from $625 (+4%)Buy$650
  3. June 29, 2026Target raised from $470 (+33%)Buy$625
  4. April 21, 2026 This noteTarget raised from $450 (+4%)Buy$470
  5. January 16, 2026Earliest call shownBuy$450
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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 StifelBuy Raised price target +1%, kept rating Oct 15 $520from $515 Lynx Equity Kept rating and price target Oct 15 NT$3,000maintained NeedhamBuy Raised price target +6%, kept rating Oct 15 $560from $530
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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.