Citi raises TSMC target price to 4,000 New Taiwan dollars, maintains Buy rating

智通财经2026/10/08 03:16

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Citi analysts stated in a research report that, driven by robust AI computing demand, the potential expansion of AI agents, and the rise of co-packaged optics (CPO) network cycles, TSMC’s revenue growth rate is expected to remain above 40% through 2027. The analysts noted that most AI chip clients, including Nvidia, AMD, and Broadcom, anticipate accelerated growth, so TSMC’s AI-related revenue may nearly double next year. As a result, Citi expects the market will continue to raise earnings forecasts for TSMC. Citi pointed out that supported by the strong revenue outlook, TSMC’s capital expenditure could further rise to $81 billions in 2027 and $90 billions in 2028. Citi maintains a “Buy” rating on TSMC and has raised its target price from 3,800 to 4,000 New Taiwan dollars.

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