Goldman Sachs raises TSMC target price to 3,300 New Taiwan dollars and maintains Buy rating.
智通财经2026/10/06 00:56Due to increased demand for AI in the GPU, network chip, and server CPU sectors, Goldman Sachs has raised its target price and capital expenditure forecast for TSMC. Analyst Evelyn Yu pointed out that "stronger CPU demand driven by Agentic AI is the key change over the past year." Goldman Sachs expects TSMC's revenue in 2026 and 2027 to increase year-over-year by 42.0% and 36.9% respectively (in USD), with gross margins at 67.2% and 67.5%. The forecast for capital expenditures in 2027/2028 has been raised from $78 billion/$82 billion to $85 billion/$98 billion to support long-term customer demand. The "Buy" rating is maintained, and the target price has been raised from 3,100 TWD to 3,300 TWD.
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