TSM stock: Argus kept USD 500 target for TSM stock

Published on 10/23/2026 at 15:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 revenue reached USD 40.20 billion, up 33.70 percent year over year. TSM stock costs EUR 368.50 on October 23, 2026, 14.80 percent below its EUR 432.50 high.

Analyst view and margins

On October 15, 2026, Argus Research kept a USD 500.00 target for TSMC.
Second-quarter 2026 revenue reached USD 40.20 billion, up 33.70 percent year over year.
TSM stock costs EUR 368.50 at Lang & Schwarz on October 23, 2026 at 2:57 p.m. CEST, 14.80 percent below the EUR 432.50 52-week high.
The market capitalization was USD 2.1 trillion and the price-to-earnings ratio was 24.27 as of October 22, 2026.

TSM, US8740391003, Illustration mit AI erstellt.

Taiwan Semiconductor Manufacturing Company Limited (ISIN US8740391003) has a USD 500.00 analyst target from Argus Research, which kept its Buy rating on October 15, 2026. At Lang & Schwarz, TSM was trading at EUR 368.50 on October 23, 2026 at 2:57 p.m. CEST.

What does the USD 500 target imply?

Argus Research analyst Jim Kelleher set the USD 500.00 target while reiterating a Buy rating, as Markets Insider reported on October 20, 2026. Against the USD 412.35 TSM quote from October 22, 2026, the target was 21.25 percent above the price.

Quarterly growth meets margin pressure

TSMC generated USD 40.20 billion in second-quarter 2026 revenue, an increase of 33.70 percent from the second quarter of 2025. Its operating margin was 60.30 percent, compared with 49.60 percent a year earlier, while net income attributable to shareholders rose 77.40 percent to NT$706.56 billion. These figures were reported by AnySilicon on September 28, 2026.

Stock stays below its annual high

The euro quote stood 14.80 percent below the EUR 432.50 52-week high and within the EUR 236.00 to EUR 432.50 range cited for October 23, 2026. The Nasdaq-listed TSM quote was USD 412.35 on October 22, 2026 at 4:00 p.m. ET, with a market capitalization of USD 2.1 trillion and a price-to-earnings ratio of 24.27.

Valuation sets the investor frame

The target discussion places valuation alongside operating execution. TSM's second-quarter operating margin of 60.30 percent exceeded the 49.60 percent recorded a year earlier, while the euro quotation remained below its annual peak. The combination gives investors two separate measures for assessing the shares: earnings growth and the price already assigned to it.

TSM price in euros

TSM was trading at EUR 368.50 at Lang & Schwarz on October 23, 2026 at 2:57 p.m. CEST, 14.80 percent below the EUR 432.50 52-week high. The further course of trading is shown by the continuously updated real-time quote of TSM stock.