ASM International NV (0NX3 – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Florian Sager from Stifel Nicolaus maintained a Buy rating on the stock and has a €740.00 price target.
Florian Sager has given his Buy rating due to a combination of factors that highlight ASM International NV’s potential for growth despite recent challenges. Although the company reported a decline in orders for the fourth quarter, which was anticipated due to earlier order shifts, the sales and sales guidance for the upcoming quarter exceeded expectations. This positive outlook suggests resilience in the company’s operations and potential for recovery.
Moreover, ASM International NV is strategically positioned to capitalize on the growing demand for AI-related products, particularly GAA tools, which are expected to drive future growth. Despite the ongoing weakness in the Chinese market, the company’s exposure to emerging trends such as the transition to 2nm technology and the increasing demand in the memory sector positions it well for long-term success. These factors contribute to the optimism surrounding ASM’s ability to outperform the market, justifying the Buy rating.
In another report released today, Citi also reiterated a Buy rating on the stock with a €750.00 price target.
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