Wall Street is Bullish on Taiwan Semiconductor Manufacturing (TSM)

​Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Stocks to Buy for High Returns Heading into 2026. Wall Street is bullish on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) since the company released its fiscal third-quarter results for 2025. The company topped EPS and revenue estimates by $0.29 and $732.48 million, respectively.

​Recently, on October 27, Needham reiterated a Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) with a $360 price target. The firm notes there are many factors suggesting strong growth potential for the company. The firm highlighted that demand for the company’s N3 capacity is anticipated to pick up significantly and is expected to drive revenue growth. As a result of this increased demand, Needham raised the company’s growth rate forecast from 20% to 25% and also increased capital expenditure estimates from $42 billion to $50 billion.

​In addition to Needham, earlier on October 20, DBS also reiterated a Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) with a price target of $346.

​Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a semiconductor design and manufacturing foundry based in Taiwan.

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Disclosure: None. This article is originally published at Insider Monkey.