JPM Raises PT on Taiwan Semiconductor Manufacturing Company Limited (TSM), Keeps a Buy

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Unstoppable Growth Stocks to Buy Right Now. The share price of TSM rose more than 54% last year, and Wall Street sees further growth with an analyst 12-month price target suggesting around 10% upside from the current level. Recently, on December 7, JPMorgan raised the price target on the stock from NT$1,700 to NT$2,100 and maintained a Buy rating on the stock.

The firm expects Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to continue its growth trajectory in 2026. JPMorgan projects a 30% increase in revenue during the year, driven by the rising demand for its N3 and a strong ramp-up of N2. Moreover, the firm also sees the company improving its gross margins driven by better revenue mix, higher yields on N3, and favourable TWD exchange rates among tailwinds. Looking ahead at 2027, JPMorgan projects roughly 20% revenue growth, reflecting a long-term bullish sentiment around the stock.

That said, earlier on January 1, Reuters reported that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been granted an annual license to import US chip manufacturing equipment to its Nanjing facilities. According to the report, management noted that the license will allow the company to ensure uninterrupted fab operations and product delivery. Moreover, the license allows the company to import equipment from the US without the requirement of individual vendor licenses.

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM), together with its subsidiaries, manufactures, packages, tests, and sells ICs and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the US, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.