Citi lifts Taiwan Semiconductor target to NT$4,000 before third-quarter results
Citi raised its price target for Taiwan Semiconductor Manufacturing to NT$4,000 from NT$3,800 and retained its Buy rating ahead of third-quarter results due October 15, 2026. Citi analysts Laura Chen and Atif Malik cited expectations for results above guidance and continued AI-driven demand, although the shares declined amid broader market pressure.
Why it matters
Citi expects Taiwan Semiconductor to exceed its updated guidance, which it says could provide a near-term catalyst at the upcoming results release. Malik expects year-over-year revenue growth of 40% into 2027E and says tight foundry capacity could support further consensus earnings revisions.
Key facts
- 1Citi increased its Taiwan Semiconductor price objective to NT$4,000 from NT$3,800 while keeping a Buy rating. gurufocus.com
- 2The company is scheduled to report third-quarter earnings on October 15, 2026. tipranks.com
- 3Citi began a 90-day watch for potential share-price catalysts. gurufocus.com
- 4Citi analyst Atif Malik expects year-over-year revenue growth of 40% into 2027E. tipranks.com
- 5Taiwan Semiconductor shares fell 1.66% on Wednesday despite the positive Citi coverage. tipranks.com
Open questions
- The materials report different share-price declines, 1.66% and 2%, without enough timing detail to determine whether they refer to the same trading session.
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.