Bank of America raises target to USD 620 for Taiwan Semiconductor Manufacturing stock

Published on 10/13/2026 at 09:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA's new target is USD 620 versus USD 590 on October 12, 2026. Taiwan Semiconductor Manufacturing stock costs EUR 392.50 on October 13, 2026.

Key points in brief

Bank of America raised its TSMC target from USD 590 to USD 620 on October 12, 2026.
TSMC reported September revenue of TWD 511.86 billion, up 54.60 percent year over year.
The Lang & Schwarz price was EUR 392.50 on October 13, 2026 at 9:16 a.m. CEST.
TSMC is scheduled to report third-quarter 2026 results on October 15, 2026.

TSM, US8740391003, Illustration mit AI erstellt.

Taiwan Semiconductor Manufacturing (ISIN US8740391003) was trading at EUR 392.50 at Lang & Schwarz on October 13, 2026 at 9:16 a.m. CEST. On October 12, 2026, Bank of America raised its price target for the company from USD 590 to USD 620 while maintaining a Buy rating, according to Markets Insider.

Bank of America lifts its target

The revised target followed stronger expectations for high-performance computing demand and the ramp-up of TSMC's 2-nanometer process. Markets Insider reported that Bank of America also raised its 2026 to 2028 earnings-per-share estimates by 2 percent to 9 percent.

The same report said the target was based on a 2027 forward price-to-earnings ratio of 20.00, while the analyst viewed the stock's valuation at 16.00 times 2027 earnings. That comparison makes the upcoming earnings release important because the market is testing whether production growth can offset the cost of new capacity.

Revenue sets a high bar

TSMC's September revenue rose 54.60 percent year over year to TWD 511.86 billion, according to Yahoo Finance. That lifted third-quarter revenue to TWD 1.49 trillion, a 50.00 percent increase from the same quarter a year earlier and above TSMC's guidance of USD 44.60 billion to USD 45.80 billion.

The company also delivered strong second-quarter operating figures. Revenue reached TWD 1,270.38 billion, net income was TWD 706.78 billion and gross margin stood at 68.00 percent in the second quarter of 2026, based on the standardized financial statement data for TSMC.

Three dated growth markers

On October 8, 2026, TSMC's September revenue was reported at TWD 511.86 billion. On October 12, 2026, Bank of America lifted its target from USD 590 to USD 620. On October 15, 2026, TSMC is scheduled to publish third-quarter results with revenue guidance of USD 44.60 billion to USD 45.80 billion, as reported by Yahoo Finance.

What does October 15 test?

The key comparison is growth against margin protection. TSMC guided for a gross margin of 65.00 percent to 67.00 percent and an operating margin of 56.00 percent to 58.00 percent for the third quarter, while second-quarter gross margin was 68.00 percent.

Stock price and market value

TSM stock was trading at EUR 392.50 at Lang & Schwarz on October 13, 2026 at 9:16 a.m. CEST. Taiwan Semiconductor Manufacturing had a market capitalization of USD 2.3 trillion as of October 12, 2026.

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