
TSM Stock Forecast & Price Target
TSM Analyst Ratings
Bulls say
Taiwan Semiconductor Manufacturing Co. (TSMC) is demonstrating a positive financial trajectory, with its earnings per American Depository Share (ADS) projected to increase from $12.13 to $12.61 for fiscal year 2026. The company's revenue growth expectations have also been adjusted upwards, with a new estimate reflecting a rate of 25%, compared to the previous 20%, driven by stronger AI demand and the introduction of new N3 capacity. Additionally, TSMC's broader market presence, particularly in high-demand sectors such as CPU manufacturing for major clients like Apple, AMD, and Intel, underscores its competitive advantage and operational efficiency within the semiconductor industry.
Bears say
Taiwan Semiconductor Manufacturing Co. (TSMC) is experiencing a challenging outlook as the company has guided for a 1% quarter-over-quarter revenue decline in Q4 2025, marking a significant deviation from historical seasonal trends, as this quarter typically witnesses growth. Additionally, the capital intensity for TSMC is projected to remain flat year-over-year at approximately 33%, indicating less capital efficiency in scaling operations amidst a demanding semiconductor market. The company also anticipates a high single-digit percentage decline in Q4 2025 revenue, which raises concerns about future profitability and market competitiveness, especially in light of deteriorating demand expectations in the foundry sector.
This aggregate rating is based on analysts' research of Taiwan Semiconductor Manufacturing and is not a guaranteed prediction by Public.com or investment advice.
TSM Analyst Forecast & Price Prediction
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