---
title: "Citi raised the target price for Taiwan Semiconductor (2330.TW) to NT$1,800 and reiterated a \"Buy\" rating"
description: "Citi has raised the target price for Taiwan Semiconductor (2330.TW) to NT$1,800 and reiterated its \"Buy\" rating. The report indicates that TSMC's performance exceeded expectations due to strong demand"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/261541755.md"
published_at: "2025-10-17T02:52:36.000Z"
---

# Citi raised the target price for Taiwan Semiconductor (2330.TW) to NT$1,800 and reiterated a "Buy" rating

> Citi has raised the target price for Taiwan Semiconductor (2330.TW) to NT$1,800 and reiterated its "Buy" rating. The report indicates that TSMC's performance exceeded expectations due to strong demand from artificial intelligence and advanced process nodes, with gross margins expected to reach 59.5% by the third quarter of 2025. At the same time, TSMC has raised its revenue outlook for 2025 to a mid-range growth of 30%, while capital expenditures remain at $40-42 billion. The short-term outlook shows that revenue for the fourth quarter of 2025 is expected to decrease by 1% quarter-on-quarter, with gross margins maintained in the range of 59-61%, both better than market expectations

Citi released a report indicating that due to robust demand for artificial intelligence and advanced process nodes, TSMC's performance once again exceeded expectations, with a gross margin of 59.5% in the third quarter of 2025, up from 58.6% in the second quarter.

The report stated that TSMC also raised its revenue outlook for 2025 to a mid-point annual growth of 30%, while capital expenditures remain at USD 40-42 billion. In terms of short-term outlook, the revenue for the fourth quarter of 2025 is expected to decrease by 1% quarter-on-quarter, with a gross margin maintained in the range of 59-61%, better than market expectations.

Based on strong demand for advanced process nodes and structural growth in artificial intelligence, the firm reiterated its "Buy" rating, raising the target price to NT$ 1,800

### Related Stocks

- [TSM.US - Taiwan Semiconductor](https://longbridge.com/en/quote/TSM.US.md)
- [SOXL.US - Direxion Semicon Bull 3X](https://longbridge.com/en/quote/SOXL.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Penserra Capital Management LLC Raises Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM | Penserra Capital Management LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) by | [Link](https://longbridge.com/en/news/274792431.md) |
| Taiwan Semi Stock Moves Into Overbought Territory on Earnings Pop, But Is There Still a Case for Buying TSMC Here? | Taiwan Semi Stock Moves Into Overbought Territory on Earnings Pop, But Is There Still a Case for Buying TSMC Here? | [Link](https://longbridge.com/en/news/272744882.md) |
| TSMC says unit TSMC Global acquires fixed-income securities for $69 mln | TSMC says unit TSMC Global acquires fixed-income securities for $69 mln | [Link](https://longbridge.com/en/news/273355483.md) |
| Taiwan Semiconductor Manufacturing Signals Support for US-Taiwan Trade Deal | Taiwan Semiconductor Manufacturing Signals Support for US-Taiwan Trade Deal | [Link](https://longbridge.com/en/news/272835631.md) |
| Taiwan aims to be strategic AI partner with US under tariff deal | Taiwan aims to strengthen its strategic partnership with the U.S. in artificial intelligence through a new tariff reduct | [Link](https://longbridge.com/en/news/272774712.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.