Citi lifts TSMC price target 12% to $135 on AI chip surge

C•2026-07-06

Citi raised its price target on Taiwan Semiconductor Manufacturing to $135, projecting 15% revenue growth in fiscal 2026 driven by AI chip demand. The upgrade precedes TSMC's Q2 earnings report and underscores robust order momentum for advanced process nodes.

1. Citi Raises TSMC Price Target

Citi analysts increased their price target on Taiwan Semiconductor Manufacturing to $135 from $120, representing a 12% uplift. The upgrade reflects expectations of 15% revenue growth in fiscal 2026 driven by surging AI chip orders and comes days before TSMC reports its Q2 earnings.

Sources

Citi Raises TSMC Price Target on Strong AI Outlook Ahead of Earnings (TSM)

Finance

Citi lifts TSMC price target 12% to $135 on AI chip surge

1. Citi Raises TSMC Price Target

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Citi Raises TSMC Price Target on Strong AI Outlook Ahead of Earnings (TSM)

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