Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the safe stocks for beginners to buy in 2026.
BofA lifted the price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to $590 from $490 on June 24 and maintained a Buy rating on the shares
The firm stated that in a backdrop featuring rising agentic AI demand, it anticipates much stronger CPU demand to consume more capacity across advanced front-end manufacturing and back-end packaging. The firm raised TSMC sales expectations in 2026 and 2027 to 40% and 39% year-over-year, respectively, to take into account a stronger CPU and AI GPU/ASIC demand outlook. In a separate development, Susquehanna lifted the price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to $575 from $500 on June 22 and maintained a Positive rating on the shares.
The firm updated its model, including its capex and capacity strategy, which it believes will exceed both consensus and buy-side expectations. Susquehanna believes that the key uncertainty remains how token growth and the associated silicon requirements could drive potential supply-demand imbalances. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the largest contract semiconductor manufacturer in the world.