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Research Alert: CFRA Keeps Buy Opinion On Adss Of Taiwan Semiconductor Manufacturing Company
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Research Alert: CFRA Keeps Buy Opinion On Adss Of Taiwan Semiconductor Manufacturing Company
May 7, 2026 8:48 AM

11:40 AM EDT, 05/07/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price to USD574 (from USD413), by rolling forward to 24x our 2027 P/E, 1.5 standard deviations above the 10-year historical mean of 18.3x. The higher multiple reflects stronger earnings visibility, sustained AI-related demand, and continued margin resilience supported by advanced nodes and favorable mix. We maintain our 2026 revenue forecast at TWD5T (+32% Y/Y) and 2027 forecast at TWD6T (+25% Y/Y), supported by continued strength in HPC and stable utilization at leading-edge technologies. We also maintain our 2026 EPS forecast at TWD100.79 (+54% Y/Y) and 2027 EPS forecast at TWD151.19 (+50% Y/Y), reflecting sustained margin strength, favorable product mix, and continued contribution from higher-margin advanced nodes. Demand for leading-edge nodes and advanced packaging continues to exceed available capacity, supporting utilization and earnings visibility. Continued expansion in AI-related applications and advanced technologies should support growth and profitability.

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