Reported about 12 hours ago
Bernstein has initiated coverage on ASML Holding N.V. with a Market Perform rating and a price target of EUR700, citing concerns over the company's extreme ultraviolet (EUV) lithography division. Despite acknowledging ASML's dominance in the EUV space, Bernstein predicts a decrease in EUV capital expenditures and anticipates that growth will align more with wafer fabrication equipment at a compound annual growth rate of 7% from 2024 to 2030, which is notably lower than ASML's previous guidance.
Source: YAHOO