DBS Maintains Buy Rating on TSMC (TSM) with $346 PT

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks that should double in 3 years. On October 22, DBS analyst maintained a Buy rating on Taiwan Semiconductor Manufacturing Company with a price target of $346.00.

Earlier on October 17, Barclays analyst Simon Coles raised the firm’s price target on Taiwan Semiconductor Manufacturing Company to $355 from $330 and kept an Overweight rating on the shares.

Barclays’ sentiment came out as Taiwan Semiconductor Manufacturing Company reported strong Q3 2025 results and offered early hints that 2026 is heading for another strong year. The firm specifically highlighted that demand for the company’s chips from AI is strengthening faster than previously expected.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), together with its subsidiaries, manufactures, packages, tests, and sells ICs and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the US, and internationally.

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.

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