KGI Securities Hikes TSMC Price Target to NT$3,200
KGI Securities analyst Michael Liu raised the price target on TSMC (2330:TT) (NYSE: TSM) to NT$3,200 (from NT$3,000) while maintaining an Outperform rating.
“While investors may be somewhat deflated by the lack of upside surprises in 2Q26 results, and may even harbor concerns about margin dilution (particularly from gross margin guidance), we suggest investors focus on the company’s sustained, outstanding technology leadership and how still-strengthening AI-related demand will drive a robust long-term earnings CAGR.
We raise our target price to NT$3,200 due to upward-revised earnings, still based on 20x 2H27-1H28F EPS. Maintain Outperform.”
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