台积电 - 2027 年增长因人工智能重拾升势，获多年上行空间；维持 “买入” 评级（于 CL 平台）；目标价新台币 1,600 元

30 September 2025 | 5:31PM CST Equity Research TSMC (2330.TW) 2027 growth re-accelerates with AI securing multi-year upside; reiterate Buy (on CL); TP to NT$1,600 | 2330.TW | 12m Price Target: NT$1,600.00 | Price: NT$1,300.00 | Upside: 23.1% | | --- | --- | --- | --- | | TSM | 12m Price Target: $320.00 | Price: $273.23 | Upside: 17.1% | 2027 growth to re-accelerate on stronger N2 demand We are raising our earnings forecast for TSMC by 2–9% for 2025– 2027E, and revising up our 12m TP to NT$1,600 from NT$1,37 ...