Analysts are raising their price targets for TSMC, highlighting the market’s continued bullish sentiment following a historic rally.Since the beginning of the year, at least six brokerages have raised their forecasts for TSMC. In a report released on Wednesday, JPMorgan Chase raised its price target by 24% to NT$2,100, citing expectations of strong revenue growth and improved profitability. TSMC The stock has risen 8% so far in 2026, following a more than threefold increase over the previous three years as investors continued to flock to it; its strong rally has driven Taiwan’s benchmark stock index to repeated record highs. TSMC accounts for nearly 45% of the index’s weighting. JPMorgan Chase Analyst Gokur Hariharan wrote in a report that, driven by growing demand for the company’s most advanced process technologies and higher pricing, “we expect 2026 to be another year of strong growth for TSMC, with gross margins also expected to rise.”