$Taiwan Semiconductor Manufact

$Taiwan Semiconductor Manufacturing(TSM)$ Citi raised its price target for TSMC recently. The new target for the Taiwan-listed shares is NT$3,800, up from NT$2,875, with a maintained Buy rating. The move is in anticipation of an upgraded 2026 revenue outlook ahead of the company's earnings. The analyst highlighted TSMC's manufacturing scale, leadership in advanced packaging, and strong wafer pricing power. This upgrade comes ahead of a key earnings call where the market expects to see higher 2026 growth guidance, driven by broadening AI demand.

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