January 13, 2026
Finance

Wall Street Revises Price Targets for Taiwan Semiconductor Ahead of Q4 Earnings

Market analysts adjust forecasts following robust quarterly revenue results as TSMC prepares to announce earnings

Summary

Ahead of Taiwan Semiconductor Manufacturing Company's fourth quarter earnings announcement, leading Wall Street analysts have updated their price targets and maintained positive outlooks based on the company’s recent strong revenue performance. Despite a slight dip in share price, sentiment among top analysts remains optimistic, reflecting confidence in TSMC's financial position and future prospects.

Key Points

Taiwan Semiconductor Manufacturing Company is set to report Q4 earnings on January 15, with expected earnings per share of $2.71 and revenue of approximately $32.62 billion.
Recent revenue results for the December quarter exceeded market expectations, indicating strong performance on both monthly and quarterly bases.
Top Wall Street analysts have maintained positive ratings and adjusted price targets upward in response to the company’s recent financial data.
Despite a minor decline in share price, analyst confidence remains robust, as reflected in the price target revisions for 2025.

Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) is scheduled to announce its financial results for the fourth quarter before the market opens on Thursday, January 15. The company, headquartered in Hsinchu City, Taiwan, is expected to report earnings per share of $2.71 on revenue totaling approximately $32.62 billion, according to data compiled by Benzinga Pro.

On January 9, TSMC reported revenue figures for the December quarter that surpassed market expectations, signaling stronger-than-anticipated performance both on a monthly and quarterly basis. Despite this positive revenue development, the company's shares experienced a slight decline of 0.1%, closing at $331.65 on Tuesday.

Benzinga’s latest analyst ratings offer insight into the sentiment of market professionals monitoring TSMC. Investors and interested parties can find up-to-date ratings on the Analyst Stock Ratings page, which provides sorting capabilities by stock ticker, company name, analyst firm, and rating changes, among other criteria.

Among the foremost Wall Street analysts covering Taiwan Semiconductor Manufacturing, several have reaffirmed their favorable views, adjusting price targets in response to recent financial data.

Bernstein’s Mark Li upheld an Outperform rating for TSMC and increased the price target from $290 to $330 with a horizon dated December 8, 2025. This analyst's historical accuracy rate stands at 66%, indicating moderate reliability in forecasting stock performance.

Needham's Charles Shi retained a Buy rating and maintains a price target of $360 as of October 27, 2025. With a strong accuracy rate of 78%, Shi's projections carry significant weight among institutional and retail investors alike.

Barclays’ Simon Coles kept an Overweight rating on the stock and raised the price target from $330 to $355 dated October 17, 2025. Coles' track record reflects a 65% accuracy in analytic predictions, underscoring a confidence level consistent with general market expectations.

Susquehanna’s Mehdi Hosseini maintained a Positive rating and notably increased the price target substantially from $300 to $400 as of October 10, 2025. Hosseini boasts a 76% accuracy rate, reflecting a strong predictive record within semiconductor stock coverage.

The divergence and adjustments in target prices among these top analysts illustrate a general optimism about Taiwan Semiconductor Manufacturing’s mid-term growth prospects. Despite minor short-term market fluctuations, such as the slight dip in stock price, these updates signal confidence in the company’s ability to sustain solid financial performance.

Investors monitoring TSMC should take note of the risks inherent to the sector and the company, including potential shifts in demand for semiconductor products, the volatility of technology markets, and macroeconomic factors that might influence supply chain or manufacturing processes. These factors could impact the actual outcomes relative to analyst forecasts.

Risks
  • Potential volatility in semiconductor demand could affect future earnings and revenue performance.
  • Market fluctuations and external economic conditions may impact stock price movements independently of company fundamentals.
  • Accuracy rates of analyst projections vary, introducing uncertainty into pricing expectations.
  • Supply chain or manufacturing disruptions could pose risk to consistent revenue growth and operational stability.
Disclosure
Education only / not financial advice
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