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TSMC (TSM) Stock Price Prediction: Bernstein and record October sales keep TSMC in focus

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TSMC (TSM) Stock Price Prediction: Bernstein and record October sales keep TSMC in focus

TSMC (TSM) traded at $404.38, down 2.42% on the day, while October revenue hit a record NT$586.89 billion, up 59.7% year on year. Bernstein raised its price target to $600 from $554 and kept an Out...

TSMC (TSM) is being pulled in two directions: stronger fundamental momentum and a softer short-term tape. On November 10, TSMC reported October 2026 revenue of NT$586.89 billion, up 14.7% from September and 59.7% from a year earlier, with January-to-October revenue up 43.3% year on year. That is the cleanest hard catalyst here, and it matters because it confirms demand stayed firm late in the quarter rather than fading into month-end.

The sell-side tone is also supportive. Bernstein raised its target to $600 from $554 on November 4 and kept an Outperform rating, while Wedbush reiterated an Outperform rating and NT$3,300 target after the October sales print. TipRanks data also showed a bullish analyst backdrop, with an average price target of $563.75 based on nine analysts and a reported “Strong Buy” rating set. Those targets are not short-term trading levels, but they do show that the market is still framing TSMC as a high-quality AI and semiconductor capacity story.

95. 95. 28, so the longer trend is not yet fully repaired.



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