TSMC (TSM.US) gets bullish call from Goldman Sachs ahead of earnings: strong AI demand supports growth momentum extending through 2027, with nearly 40% upside left in the stock price.

Zhito Finance APP has learned that wafer foundry giant TSMC (TSM.US) will announce its third-quarter 2026 results on October 15. Goldman Sachs noted in a research report released recently that TSMC's strong earnings growth momentum is expected to continue into 2027, while capital expenditure will gradually increase to support long-term demand. Goldman Sachs reiterated its "Buy" rating on TSMC, raised its target price for TSMC's Taiwan-listed shares from NT$3,100 to NT$3,300, implying nearly 28% upside from last Friday's closing price; its target price for TSMC's U.S. shares was raised to $660, implying nearly 40% upside from last Friday's closing price.