DA Davidson Bumps TSMC Price Target to $500

DA Davidson analyst Gil Luria raised the price target on Taiwan Semi (NYSE: TSM) to $500 (from $450) while maintaining a Buy rating.

“We reiterate our BUY rating and raise our price target to $500 on TSMC following strong 2Q26 earnings that were highlighted by a beat on top and bottomline expectations.

Advanced technologies accounted for 77% of wafer revenue, with management raising capital expenditures guidance by ~$6B to a range of $60-64B to meet continued demand for leading-edge process technologies and the emerging Agentic AI market.”

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