Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is included in our list of 13 Best Extremely Profitable Stocks to Invest Now.

As of February 2, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) maintains bullish analyst sentiment, with a consensus price target of $410. This implies a potential upside of 24.03%, after the stock has already risen 40.54% over the past six months and more than 10% in 2026. Almost all analysts maintain a bullish rating on the stock.

As a sign of confidence in the company’s long-term demand driven by AI, Bloomberg reported on January 15, 2026 that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) plans capital spending between $52 billion and $56 billion in 2026, an increase of at least 25% compared to 2025. The company’s US-listed ADRs are expected to rise 5.6%, with revenue growth expected to be a 2026%3. average analyst expectations.

Amid strong broader analyst sentiment, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) caught the attention of TD Cowen on January 16, 2026 when the company raised its price target to $370 from $325 while maintaining a “Hold” rating. The upgrade came in response to strong production execution and better-than-expected quarterly results.

Also, Morgan Stanley raised its target by 5% to NT$2,088 on the same day, pointing to strong gross margins, growing demand for AI and increased capital spending for advanced node expansion. Meanwhile, Barclays raised its target to $450 with an “overweight” rating, describing fourth-quarter results as strong across the board.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures advanced semiconductors and integrated circuits for AI, computing, communications, automotive and consumer electronics worldwide.

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