TD Cowen TSMC · TSM

TD Cowen Hikes TSMC Price Target to $440

1 min read Reproduced verbatim
Rating
Hold
Target
$440
from $400 (+10%)
Outcome
Reached
on September 21, 2026
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What the analyst said

TD Cowen analyst Krish Sankar raised the price target on Taiwan Semi (NYSE: TSM) to $440 (from $400) while maintaining a Hold rating.

Disclaimer
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 $407. The 6 analysts who set a target in the last 3 months range from $500 to $1,000, with a median of $557. This $440 target is 21% below the median, the lowest on the Street.

Since the note TSM has moved −1% (from $410). 12-month window: day 109 of 365, closes on July 17, 2027.

Track record

This call✓ Target reached on September 21, 2026, 2 months after the note.

Firm track recordTD Cowen: 83% of its 35 targets at least a year old were reached within 12 months (#6 of 26 firms). Accuracy ranking →

Earnings reactionOne of 5 notes after TSMC’s Jul 16 results: 4 raised · 0 cut · 0 kept. See every call →

TD Cowen on TSMC

TD Cowen price targets on TSMC

3 calls from January 16, 2026 to July 17, 2026. The target went from $370 to $440 (+19%). The rating stayed Hold.

TD Cowen targetTSM share price
  1. July 17, 2026 This noteTarget raised from $400 (+10%)Hold$440
  2. April 16, 2026Target raised from $370 (+8%)Hold$400
  3. January 16, 2026Earliest call shownHold$370
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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.