Goldman Sachs Lifts Taiwan TAIEX to 40,000

Goldman Sachs lifted its 12‑month TAIEX target to 40,000 from 36,000, citing AI‑driven earnings growth.
The bank raised 2026 index earnings growth forecast to 34% and 2027 to 24%, up from 28% and 22%.
Consensus expects Taiwan firms to deliver 39% YoY and 19% QoQ earnings growth in Q1‑2026, driven by semiconductors and banks.
TSMC reported improved revenue and margin outlook amid strong AI momentum, supporting the upgraded outlook.