TSMC Maintains Buy Rating as Analysts Boost Targets on AI and Advanced Packaging Demand
Taiwan Semiconductor Manufacturing Company (TSMC) shares ROSE 1.49% to $299.11 as analysts reaffirmed bullish outlooks, citing a 20% upside potential to the $355 median price target. Bernstein upgraded its target to $330, highlighting growing demand for CoWoS packaging and AI-driven semiconductor growth.
The chipmaker's dominance in 5nm and 3nm process technologies positions it as a critical enabler of AI infrastructure development. Market observers project mid-40% compound annual growth for TSMC's AI-related revenue through 2027, fueled by sustained institutional investment in advanced nodes.
Legal developments surfaced alongside financial optimism—TSMC filed a trade secrets lawsuit against a former executive, underscoring the competitive stakes in semiconductor intellectual property. The company's vertical integration across mobile and AI supply chains continues to attract long-term capital from institutional investors.
