Reported 1 day ago
ASML Holding N.V. exceeded earnings expectations and raised its outlook, prompting Evercore ISI analyst C.J. Muse to elevate the stock's price target to EUR1,000 from EUR755 while keeping an Outperform rating. The company's strong performance was supported by significant EUV lithography bookings and a positive revenue forecast for 2026, despite challenges in the Chinese market. With a record order intake and sharp increases in memory orders, ASML is viewed favorably by analysts who believe AI-driven demand will bolster its growth.
Source: YAHOO