Barclays raises target for TSM stock from USD 665.00 to USD 670.00

Published on 10/21/2026 at 10:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter net income reached NT$763.06 billion, up 68.7 percent year over year. TSM stock trades at EUR 383.00 on October 21, 2026.

Target revision and earnings growth

Barclays lifted its TSMC target to USD 670.00 from USD 665.00 on October 16, 2026.
Third-quarter operating margin reached 58.7 percent in the reporting period ended September 30, 2026.
TSM stock trades at EUR 383.00 at 10:06 a.m. CEST at Lang & Schwarz on October 21, 2026.

TSM, US8740391003, Illustration mit AI erstellt.

Barclays analyst Simon Coles raised the price target for Taiwan Semiconductor Manufacturing Company from USD 665.00 to USD 670.00 on October 16, 2026, while keeping an Overweight rating, according to Markets Insider. TSM stock was trading at EUR 383.00 at Lang & Schwarz on October 21, 2026 at 10:06 a.m. CEST.

Record earnings raise the bar

TSMC reported third-quarter 2026 revenue of NT$1,494.24 billion and net income of NT$763.06 billion for the period ended September 30, 2026. Revenue increased 50.9 percent year over year, while net income rose 68.7 percent, according to the company filing carried by StockTitan. The results also exceeded the prior quarter, with revenue up 17.6 percent and net income up 8.0 percent.

Operating margin reached 58.7 percent and net profit margin was 51.1 percent in the third quarter. Advanced technologies of 7 nanometers and below accounted for 79 percent of wafer revenue, giving the earnings growth a clear technology mix behind it.

What does the outlook mean for margins?

Management expects fourth-quarter 2026 revenue of USD 52.3 billion to USD 54.3 billion, with gross margin of 65 percent to 67 percent and operating margin of 56.5 percent to 58.5 percent. The margin ranges point to continued investment pressure as TSMC ramps its 2-nanometer process and overseas factories.

Three dates shape TSMC

On October 15, 2026, TSMC reported third-quarter net income of NT$763.06 billion. On October 16, 2026, Barclays lifted its target from USD 665.00 to USD 670.00. On October 21, 2026, the stock was trading at EUR 383.00 at Lang & Schwarz. These three dates connect the earnings acceleration with the higher valuation hurdle.

Dividend dates are next

TSMC set December 10, 2026 as the ex-dividend date, December 16, 2026 as the record date and January 7, 2027 as the distribution date for its NT$7.00 cash dividend, according to StockTitan. The next scheduled cash event therefore arrives before the company distributes the payment in January.

Valuation follows the earnings test

For investors, the central tension is straightforward: third-quarter revenue grew 50.9 percent year over year, while the fourth-quarter operating margin outlook is 56.5 percent to 58.5 percent. Barclays' USD 670.00 target reflects the earnings momentum, but the guidance keeps production costs and overseas expansion central to the valuation debate.

TSM trades at Lang & Schwarz

TSM stock was trading at EUR 383.00 at Lang & Schwarz on October 21, 2026 at 10:06 a.m. CEST. Taiwan Semiconductor Manufacturing Company is listed as TSM on the NYSE, and the finance data snapshot showed a market capitalization of USD 2.2 trillion as of October 20, 2026.

The further course of trading is shown by the continuously updated real-time quote of TSM stock.