Bank of America Securities analyst Didier Scemama has reiterated their bullish stance on 0QB8 stock, giving a Buy rating on March 10.
Didier Scemama has given his Buy rating due to a combination of factors including ASML Holding NV’s potential to meet its 2025 revenue guidance and its attractive valuation. Scemama notes that the midpoint of ASML’s 2025 revenue guidance of €32.5 billion is achievable, with the company needing approximately €6.4 billion in DUV bookings, which aligns with their revenue estimates for China. Additionally, ASML’s IBM revenues are expected to exceed company guidance, suggesting either higher EUV forecasts or overly conservative management guidance.
Furthermore, Scemama highlights the increase in EUV unit shipments, which have been raised from 43 to 45, driven by stronger demand from TSMC. Despite expected declines in China revenues due to export control restrictions, ASML’s overall valuation remains attractive at 20 times the FY25E EV/EBITDA, which is a discount compared to its five-year historical multiple of 26.3 times. These factors collectively support the Buy rating with a price objective of €859.
According to TipRanks, Scemama is an analyst with an average return of -6.1% and a 34.62% success rate. Scemama covers the Technology sector, focusing on stocks such as Logitech, STMicroelectronics, and ASML Holding.
In another report released on March 10, Kepler Capital also maintained a Buy rating on the stock with a €950.00 price target.
Questions or Comments about the article? Write to editor@tipranks.com