Morgan Stanley raised TSMC's target share price, believing that its revenue and profit margins have potential to grow, and advised investors to increase their holdings of the stock by early 2026. The target price was raised from NT$1,688 to NT$1,888. “Given the rise in TSMC wafer prices and strong demand for artificial intelligence semiconductors, we expect the company to show a flat month-on-month revenue for the first quarter of 2026 — better than historical seasonal performance,” analysts such as Charlie Chan and Daniel Yen wrote in the report.

Morgan Stanley raised TSMC's target share price, believing that its revenue and profit margins have potential to grow, and advised investors to increase their holdings of the stock by early 2026. The target price was raised from NT$1,688 to NT$1,888. “Given the rise in TSMC wafer prices and strong demand for artificial intelligence semiconductors, we expect the company to show a flat month-on-month revenue for the first quarter of 2026 — better than historical seasonal performance,” analysts such as Charlie Chan and Daniel Yen wrote in the report.