Wall Street is Bullish on Taiwan Semiconductor Manufacturing (TSM)

Group 1 - Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is considered one of the best stocks to buy for high returns heading into 2026, with Wall Street showing bullish sentiment following the company's fiscal third-quarter results for 2025, which exceeded EPS and revenue estimates by $0.29 and $732.48 million respectively [1] - Needham reiterated a Buy rating on TSM with a price target of $360, citing strong growth potential driven by increased demand for the company's N3 capacity, leading to a raised growth rate forecast from 20% to 25% and an increase in capital expenditure estimates from $42 billion to $50 billion [2] - DBS also reiterated a Buy rating on TSM with a price target of $346, emphasizing the company's position as a semiconductor design and manufacturing foundry based in Taiwan [3]