Reported 11 months ago
ASML Holding NV, the second-largest company in Europe by market value, received a price target increase from Bank of America Corp, projecting a 35% rise due to its crucial role in the artificial intelligence industry. Analyst Didier Scemama raised the target to €1,302, the highest among 40 analysts. ASML is anticipated to achieve €40 billion in revenue next year, likely driven by the growing demand for its high-end lithography tools to produce advanced chips for AI applications. ASML's shares reached a record high of €972, with a market cap exceeding €385 billion.
Source: YAHOO