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

Group 1 - Taiwan Semiconductor Manufacturing Company Limited (TSM) is recognized as one of the best growth stocks, with a share price increase of over 54% last year and a projected 10% upside based on a new price target set by JPMorgan at NT$2,100 [1][2] - JPMorgan forecasts a 30% revenue increase for TSM in 2026, driven by demand for its N3 technology and a strong ramp-up of N2, with further revenue growth of approximately 20% expected in 2027 [2] - TSM has been granted an annual license to import US chip manufacturing equipment to its Nanjing facilities, which will ensure uninterrupted operations and product delivery [3] Group 2 - TSM operates in the semiconductor industry, manufacturing, packaging, testing, and selling integrated circuits and other semiconductor devices across various regions including Taiwan, China, Europe, and the US [4]