Wall Street Bullish on Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Technology Stocks to Invest in for the Long Term. On September 10, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced its August 2025 revenue report. Wall Street has been bullish on the stock since the announcement.

The company reported NT$335.77 billion in revenue, up 3.9% from the previous month and 33.8% year-over-year. Several analysts have reiterated their bullish sentiment since the release.

For instance, on September 16, Simon Coles from Barclays reiterated a Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) while raising the price target from $275 to $325. More recently, Leping Huang from Huaitai Securities also reiterated a Buy rating on the stock and raised the price target from $300 to $320.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the world’s largest semiconductor manufacturers. It focuses on making advanced integrated circuits and chips for other companies.

While we acknowledge the potential of TSM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSM and that has 100x upside potential, check out our report about this cheapest AI stock.

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