TSMC Stock Price Target Raised to $290 on Strong AI Demand

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the AI Stocks on Wall Street’s Radar. On September 4, Bernstein SocGen Group analyst Mark Li raised the price target on the stock to $290.00 (from $249.00) while maintaining an Outperform rating. The firm cited a better artificial intelligence outlook behind the rating affirmation.

According to the firm, strong AI demand, coupled with improving non-artificial segments, will lead to 33% revenue growth for the year. Export data confirms that there is a rapid ramp in the near term, whole CSPs signals reflect strong AI demand growth for the next year.

Meanwhile, non-AI demand is showing early signs of mild recovery and there is additional support coming from demand pulled forward to avoid tariffs.

” We assume conservative seasonality for 4Q25 but still find TSMC’s 2025 full-year US $ revenue to rise by 33%, above the guidance of 30%. With 23% earnings CAGR & the same 19x target forward P/E, we raise price target to NT$1,444 & maintain Outperform.”

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells advanced chips used in artificial intelligence applications.

While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 AI Stocks In The Spotlight For Investors and 10 AI Stocks on Wall Street’s Radar.

Disclosure: None.