DA Davidson Maintains Buy on Taiwan Semi, $500 Price Target
- Rating
- Buy
- Unchanged
- Target
- $500
- Unchanged
- Upside
- +21%
- TSM at $413 today
What the analyst said
DA Davidson analyst Gil Luria reiterated a Buy rating and $500 price target on Taiwan Semi (NYSE: TSM).
“We reiterate our BUY rating and our price target of $500 on TSMC following strong 3Q26 earnings that were highlighted by both beats and raises.
2nm wafers continued to ramp this quarter, now contributing 8% of wafer revenue, up from last quarter’s 3%.
Management also reiterated their capex guide, supported by what they see as very strong AI demand over the next few years.”
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Where the price stands
TSM trades at $413. The 6 analysts who set a target in the last 3 months range from $500 to $1,000, with a median of $557. This $500 target is 10% below the median, the lowest on the Street.
12-month window: day 0 of 365, closes on October 16, 2027.
Track record
This callOpen: a 12-month target, scored on October 16, 2027, a year after the note.
Firm track recordDA Davidson: 90% of its 10 targets at least a year old were reached within 12 months (#6 of 28 firms). Accuracy ranking →
DA Davidson on TSMC
DA Davidson price targets on TSMC
4 calls from February 12, 2026 to October 16, 2026. The target went from $450 to $500 (+11%). The rating stayed Buy.
- October 16, 2026 This noteKept the $500 targetBuy$500
- July 17, 2026Target raised from $450 (+11%)Buy$500
- April 17, 2026Kept the $450 targetBuy$450
- February 12, 2026Earliest call shownBuy$450
Other analysts on TSMC
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
NeedhamBuy
Raised price target +6%, kept rating · Oct 15
$560from $530