TSM stock: Bank of America lifts target to USD 620.00 for TSM stock

Published on 10/22/2026 at 18:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter margin was 66.40 percent on October 15, 2026. TSM stock costs EUR 369.25 on October 22, 2026 at Lang & Schwarz.

Analyst target and margin

Bank of America raised its TSMC target from USD 590.00 to USD 620.00 on October 12, 2026.
TSMC reported a third-quarter gross margin of 66.40 percent on October 15, 2026.
TSM stock costs EUR 369.25 at Lang & Schwarz on October 22, 2026 at 6:03 p.m. CEST.

TSM, US8740391003, Illustration mit AI erstellt.

Bank of America analyst Haas Liu raised his price target for Taiwan Semiconductor Manufacturing Company (ISIN US8740391003) from USD 590.00 to USD 620.00 on October 12, 2026, while reiterating a Buy rating, according to Markets Insider. The revised target stood 49.82 percent above TSM's USD 413.88 NYSE price at midday on October 22, 2026. At Lang & Schwarz, the stock was trading at EUR 369.25 on October 22, 2026 at 6:03 p.m. CEST.

Bank of America raises its target

Liu lifted the target by USD 30.00 and kept the Buy rating. His note said TSMC's third-quarter sales exceeded expectations and linked the outlook to high-performance computing demand, advanced mobile processors and new chip production, according to Markets Insider. The target therefore reflects a specific analyst view rather than a general market consensus.

Margins meet the 2nm investment cycle

TSMC's third-quarter gross margin was 66.40 percent, down from 67.70 percent in the second quarter, according to Yahoo Finance on October 15, 2026. The company guided for a fourth-quarter gross margin of 65.00 percent to 67.00 percent and reaffirmed 2026 capital spending of USD 60.00 billion to USD 64.00 billion. For investors, the margin path is the key counterweight to the higher target.

Stock position and valuation

TSM's USD 266.82 to USD 487.47 52-week range leaves the NYSE price 15.10 percent below its high on October 22, 2026. The same quote showed a market capitalization of USD 2.1 trillion and a price-to-earnings ratio of 24.27. TSMC's business centers on manufacturing, packaging and testing integrated circuits for customers in computing, smartphones, automotive systems and other electronics markets.

What the target means for TSM stock

The USD 620.00 target is 49.82 percent above the USD 413.88 NYSE price, while the EUR 369.25 Lang & Schwarz quote gives German investors a separate euro trading reference. The two prices belong to different venues and currencies, so the analyst target is best read alongside the company's margin and investment plans rather than as a euro price forecast.

Euro quote after the Xetra close

At Lang & Schwarz, Taiwan Semiconductor Manufacturing stock stood at EUR 369.25 on October 22, 2026 at 6:03 p.m. CEST, after the Xetra close. Its 52-week range on the NYSE was USD 266.82 to USD 487.47, with the stock 15.10 percent below the high.

The further course of trading is shown by the continuously updated real-time quote of TSM stock.