UBS Raises TSMC Target Price to 3,400 TWD from 3,000, Sees Price Hike in Early 2027

According to UBS, the investment bank raised Taiwan Semiconductor Manufacturing Company's (TSMC) target stock price to 3,400 TWD from 3,000 TWD on Monday (June 29), while maintaining a 'buy' rating. The upgrade reflects UBS's raised sales growth expectations for TSMC in 2026 and confidence in the company's medium to long-term earnings momentum. UBS expects TSMC to launch product price increases in early 2027 to further boost profitability. The bank also projects the chipmaker will ramp up capital expenditures and execute multiple capacity expansion initiatives between 2026 and 2028 to address chip supply shortages across the industry.
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