{"id":79752,"date":"2026-04-18T23:45:32","date_gmt":"2026-04-18T23:45:32","guid":{"rendered":"https:\/\/diyhaven858.wasmer.app\/index.php\/bofa-raises-tsmc-price-target-on-strong-outlook-keeps-buy-rating\/"},"modified":"2026-04-18T23:45:32","modified_gmt":"2026-04-18T23:45:32","slug":"bofa-raises-tsmc-price-target-on-strong-outlook-keeps-buy-rating","status":"publish","type":"post","link":"https:\/\/diyhaven858.wasmer.app\/index.php\/bofa-raises-tsmc-price-target-on-strong-outlook-keeps-buy-rating\/","title":{"rendered":"BofA Raises TSMC Price Target on Strong Outlook, Keeps Buy Rating"},"content":{"rendered":"


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Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 10 Unrivaled Stocks of the Next 5 Years<\/b>. On April 13, BofA Securities increased its price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from NT$2,360 to NT$2,530 while keeping a Buy rating on the stock.<\/p>\n

BofA expects the company\u2019s sales to grow by 7% to 9% quarter-over-quarter in the second quarter of 2026. This compares with 8% growth in the first quarter of 2026. The firm believes that the growth in the second quarter will be driven by a solid backlog of high-performance computing orders.<\/p>\n

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\"BofA<\/div>\n<\/div>
BofA Raises TSMC Price Target on Strong Outlook, Keeps Buy Rating <\/figcaption><\/figure>\n

Image: TSMC<\/p>\n

The research firm also expects Taiwan Semiconductor Manufacturing Company Limited\u2019s (NYSE:TSM) gross margins to improve slightly. Margins are projected to grow from the first-quarter guidance range of 63% to 65% to around 66% in the second quarter of 2026. This improvement is expected despite challenges such as the ramp-up of 2-nanometer production and higher electricity costs during the summer.<\/p>\n

BofA pointed out that it values Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) at 20 times its estimated 2027 earnings, compared with the current valuation of 15 times. This is within the stock\u2019s long-term range of 11 to 21 times. The firm pointed to the company\u2019s strong position in leading-edge technologies and its share of manufacturing capacity as reasons supporting the valuation.<\/p>\n

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company that manufactures, packages, and tests integrated circuits for various industries.<\/p>\n

While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/b>.<\/p>\n

READ NEXT: <\/b>10 Best Performing AI Stocks to Buy<\/b> and <\/b>10 Best Performing Blue Chip Stocks to Buy<\/b>.<\/b><\/p>\n

Disclosure: None. <\/b> Follow Insider Monkey on Google News<\/b>.<\/b><\/p>\n<\/p><\/div>\n


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Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 10 Unrivaled Stocks of the Next 5 Years. On April 13, BofA Securities increased its price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from NT$2,360 to NT$2,530 while keeping a Buy rating on the stock. BofA expects the company\u2019s sales to grow by 7% […]<\/p>\n","protected":false},"author":1,"featured_media":79753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_daextam_enable_autolinks":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[10],"tags":[684,2597],"class_list":["post-79752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-bofa-securities","tag-taiwan-semiconductor-manufacturing-company-limited"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/diyhaven858.wasmer.app\/wp-content\/uploads\/2026\/04\/2ecaf7f4d4cc0e1d59ae541195d3e665.jpeg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/79752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/comments?post=79752"}],"version-history":[{"count":0,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/79752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media\/79753"}],"wp:attachment":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media?parent=79752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/categories?post=79752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/tags?post=79752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}