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TSMC Price Target Raised to NT$5,000 by Aletheia on AI Boom
Electronic Technology · Semiconductors · economic_daily · 2026-10-16
2330
Following its earnings call, TSMC received a record-high price target of NT$5,000 from Aletheia Capital, citing strong AI demand and capacity constraints.
What Happened
Record Price Target: Following its recent earnings call, TSMC has received strong backing from foreign brokerages, with Aletheia Capital setting a record-high target price of NT$5,000.
AI-Driven Growth: Analysts are optimistic about TSMC’s outlook, projecting that strong AI data center demand will drive a doubling of revenue and profit between 2026 and 2028.
Capacity and Capex: The firm expects advanced process capacity to remain tight through 2027, with increased capital expenditure planned to support long-term growth trends.
Market Sentiment: Despite recent market volatility, institutional investors remain bullish on TSMC, with multiple brokerages including Nomura raising their price targets to reflect the company's dominant market position.