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<Research>BofAS Elevates TSMC (TSM.US) TP to US$330, Reiterates Rating at Buy
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BofA Securities issued a research report raising its FY2026/ 2027 EPS forecasts for TSMC (TSM.US) by 8%/ 9% each, primarily due to improved pricing outlook, with rating reiterated at Buy. The broker also lifted its target PE ratio from 21x to 22x, and elevated its target price from US$290 to US$330. BofA Securities expected TSMC's FY2026 revenue to grow by 24% YoY. The revenue contribution from the 2nm process is projected to reach 9% in 2026. If demand from smartphones and high performance computing (HPC) customers is stronger than expected, the broker believed that there is further upside potential. AASTOCKS Financial News Website: www.aastocks.com |
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