Goldman Sachs Hikes TSMC (TSM) Price Target on Strong AI Chip Demand

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the best stocks to buy for the next 6 months. On July 17, following the company’s second-quarter analyst meeting, Goldman Sachs maintained its Conviction Buy rating and increased its price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from NT$1,210 to NT$1,370.

With artificial intelligence clients exhibiting no indications of a slowdown in demand, the investment bank underlined TSMC’s growing optimism on advanced node demand. Goldman Sachs currently predicts that during the initial ramp-up phase, especially in the first two years, the revenue contribution from the N2 node will be substantially higher than that from the N3.

TSMC management has increased its 2025 revenue target to “30% YoY” growth from the previous estimate of “mid-20% YoY,” indicating a more robust demand picture across all of its business areas.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading Taiwanese company that offers semiconductor manufacturing services.

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