Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Nomura Elevates TSMC TP to TWD2,280, Reaffirms Buy Rating
Recommend 4 Positive 1 Negative 4 |
||||
|
||||
|
TSMC (TSM.US)'s 1Q26 revenue guidance was higher than market consensus, and was optimistic about its gross profit margins for 4Q25 and 1Q26, Nomura released a research report saying. Moreover, the Company forecasted a revenue growth of approx. 30% in USD terms for this year, and raised the CAGR of revenue for 2024-2029 to about 25%, with a long-term gross profit margin prediction of over 56%. However, TSMC's 2026 capital expenditure budget is between US$52 billion and US$56 billion, above Nomura's previous forecast. Considering the time from construction to operation, the broker believed that this highlights the Company's confidence in the structural AI demand for 2028-2029. Taking into account TSMC's updated earnings guidance and improved operating leverage, Nomura raised its 2026-2027 EPS estimations by 7%/ 4%, each. The broker elevated its target price for TSMC's Taiwan stock from TWD2,135 to TWD2,280, with rating reiterated at Buy. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
