European chip stocks rally after TSMC blowout earnings; ASML hits record high

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Taiwan Semi (TSM) PT Raised to $410 at Needham

January 15, 2026 6:32 AM EST

Needham analyst Charles Shi raised the price target on Taiwan Semi (NYSE: TSM) to $410.00 (from $360.00) while maintaining a Buy rating.

The analyst comments "Last night, TSMC reported strong earnings and guided key 2026 metrics all above the Street. The company sees FY26 revenue growth... More