Bernstein reiterated its "Outperform" rating for Taiwan Semiconductor Manufacturing Company (TSM). The firm set a price target of $330.
The positive assessment stems from monthly sales figures tracking ahead of TSM's guidance. This suggests a strong near-term revenue outlook. Furthermore, the performance validates a positive case for 2026.
The analyst action occurs amid generally positive market sentiment for TSM. Experts highlight the company’s dominant position in manufacturing advanced chips for the AI sector. Sustained demand from hyperscalers and the broader AI market serve as key growth drivers heading into the new year.