---
title: "In \"The Big Banks,\" Citigroup gives Taiwan Semiconductor a \"highly confident outperform the market\" rating with a target price of NT$2,000"
description: "Citi released a research report, giving Taiwan Semiconductor a \"highly confident outperform\" rating, with a target price of NT$2,000. The report pointed out that Taiwan Semiconductor's capital expendi"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272803842.md"
published_at: "2026-01-16T07:07:41.000Z"
---

# In "The Big Banks," Citigroup gives Taiwan Semiconductor a "highly confident outperform the market" rating with a target price of NT$2,000

> Citi released a research report, giving Taiwan Semiconductor a "highly confident outperform" rating, with a target price of NT$2,000. The report pointed out that Taiwan Semiconductor's capital expenditure guidance for 2026 is between US$52 billion and US$56 billion, reflecting the complexities of expanding capacity against the backdrop of surging AI demand. The company's guidance for Q1 2026 revenue and gross margin is both above expectations, and the full-year revenue growth forecast also exceeds predictions, demonstrating its commitment to addressing capacity issues

Citi published a research report indicating that Taiwan Semiconductor (TSM.US) has set its 2026 capital expenditure guidance between USD 52 billion and USD 56 billion, which is a year earlier than expected, reflecting the complexities of expanding capacity during a surge in AI demand.

Citi also noted that the company's guidance for Q1 2026 revenue and gross margin is higher than their expectations, and the forecast for full-year revenue growth also exceeds their predictions. They believe that the significantly increased capital expenditure reflects the company's commitment to addressing capacity issues, including challenges related to land acquisition, facilities, cleanroom, and equipment supply timelines. Citi has given Taiwan Semiconductor (2330.TW) a "High Conviction Outperform" rating, with a target price of NT$2,000, and a 2027 earnings per share forecast of NT$100

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