Goldman Sachs, a prominent banking institution, has reportedly included a new asset in their 'Conviction Buy' portfolio, following an increase in its price target.
In a surprising move, Goldman Sachs has raised its price target for Taiwan Semiconductor Manufacturing Company Limited (TSMC) to a whopping NT$1,210, up from NT$1,145. Goldman maintains its Conviction Buy rating on the stock.
What's behind this ambitious price hike?
Well, Goldman believes TSMC's advanced chip packaging technologies, especially in AI applications, have been gaining serious momentum. With demand for TSMC's market-leading CoWoS (Chip on Wafer on Substrate) technology soaring, Goldman is projecting record-breaking shipments from 2025 to 2027[1][2][5].
But Goldman isn't just dreaming! It sees easing concerns about AI order cuts due to improved supply chain coordination between TSMC and server builders. This reduces the risk of cancellations and boosts revenue visibility[1][2].
The bank is also forecasting an impressive 29% revenue growth for TSMC in 2026 and an additional 17% for 2027. That's some serious cash flow, man! Goldman is also expecting TSMC to jack up prices again on its most advanced manufacturing nodes and packaging services in 2026[2].
Goldman's not done yet. It's also hiked its capital expenditure estimates for TSMC, anticipating robust investment of US$42 billion in 2026 and US$50 billion in 2027 to meet the insatiable demand[2].
What does it all mean? Goldman still sees TSMC as a solid buy, even though it's already surged over 68% since March[5]. If you're thinking of taking a gamble, consider Goldman's advice and hold your breath for a potential 12% rally from current prices[3].
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Disclaimer: Our opinions aren't investment advice. Do your own research before splashing your cash on Bitcoin, cryptocurrency, or digital assets. Remember, if you make a mess, it's all on you! The Daily Hodl ain't tellin' ya what to do[4].
Featured Image: Shutterstock/Imgpoint
[1] Goldman Sachs Raises TSMC Price Target to NT$1,210 – Seeking Alpha[2] Goldman Sachs raises TSMC price target, forecasts robust investment – Reuters[3] Crypto Market Summary – The Daily Hodl[4] About Us – The Daily Hodl[5] TSMC's Staggering 68% Surge Since March – CNBC
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- As Goldman Sachs forecasts an impressive 29% revenue growth for TSMC in 2026 and an additional 17% for 2027, some investors might be looking beyond traditional finance and considering the potential of altcoins within the growing cryptocurrency market.
- The bank's expectation of TSMC jacking up prices again on its most advanced manufacturing nodes and packaging services in 2026 is reminiscent of the increasing competition in the cryptocurrency industry, with businesses continually striving to stay ahead by developing innovative blockchain technologies.
- With Goldman still seeing TSMC as a solid buy even after its significant surge, investors considering entering the business world might find insights from the crypto market, such as the strategy of holding an asset during a potential 12% rally despite it already soaring over 68%, valuable when making informed investment decisions.
