Goldman Sachs raises target for TSM stock to TWD 3,300

Published on 10/07/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue outlook stands at USD 44.60-45.80 billion. TSM stock costs EUR 427.50 on October 7, 2026 after EUR 429.50.

TSM, US8740391003, Illustration mit AI erstellt.

Taiwan Semiconductor Manufacturing Company (ISIN US8740391003) was trading at EUR 427.50 at Lang & Schwarz on October 7, 2026 at 9:03 a.m. CEST, minus 0.47 percent versus the prior close of EUR 429.50. Goldman Sachs raised its TSMC target from TWD 3,100 to TWD 3,300 on October 6, 2026, according to Gate News.

Target rises as earnings near

The new TWD 3,300 target came with a maintained Buy rating and higher capital-spending forecasts for 2027 and 2028. Goldman Sachs projects TSMC revenue growth of 42.00 percent in 2026 and 36.90 percent in 2027, while its gross-margin forecasts stand at 67.20 percent and 67.50 percent.

The timing matters because TSMC is scheduled to report third-quarter results on October 15, 2026. Business Insider reported that Wall Street expects third-quarter earnings per ADR of USD 4.41, up from USD 2.85 in the year-earlier quarter, with revenue rising to USD 45.36 billion from USD 33.08 billion.

Monthly sales support the outlook

July revenue reached TWD 467.58 billion, up 44.70 percent year over year, while August revenue rose to TWD 514.81 billion, up 53.30 percent, according to Yahoo Finance. The two months produced combined revenue of TWD 982.39 billion, leaving September sales as the final monthly input before the report.

TSMC's third-quarter revenue outlook calls for USD 44.60 billion to USD 45.80 billion, with gross margin of 65.00 percent to 67.00 percent and operating margin of 56.00 percent to 58.00 percent. The range is below the second-quarter gross margin of 67.70 percent and operating margin of 60.30 percent, making the 2nm production ramp a central test for profitability.

TSM stays below its recent high

The primary U.S. listing is on the NYSE, where finance data showed a market capitalization of USD 2.5 trillion on October 6, 2026. The same data placed the 52-week range at USD 266.82 to USD 487.47, while the Lang & Schwarz euro quote stood below that foreign-currency range and is therefore assessed separately.

For investors, the upcoming report must reconcile two signals: July and August revenue growth above 40.00 percent and margin guidance below the second-quarter levels. The October 15 release is likely to put the new target and the capacity-spending plan under direct scrutiny.

Price holds near the session open

TSM was trading at EUR 427.50 at Lang & Schwarz on October 7, 2026 at 9:03 a.m. CEST, down EUR 2.00 or minus 0.47 percent from the EUR 429.50 prior close at Lang & Schwarz on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Taiwan Semiconductor Manufacturing Company stock.