TSMC price target raised to NZ$3,800 from NZ$2,875 at Citi

TSMC is in focus as Citi raises its price target on the shares to NZ$3,800 from NZ$2,875 while keeping a Buy rating. Citi’s analysts argue TSMC has a “higher likelihood” of increasing its revenue growth target for 2026 and maintaining a strong long-term revenue compound annual growth rate. They link this outlook to sustained demand and improved long-term visibility for the Taiwan-based chipmaker. The broker also expects TSMC to remain a key beneficiary of AI semiconductor content growth. The update reflects Citi’s confidence that TSMC can sustain momentum across both near-term targets and longer-cycle revenue expansion.