TD Cowen analyst Krish Sankar maintained a Buy rating on ASML Holding NV today and set a price target of €1,000.00.
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Krish Sankar has given his Buy rating due to a combination of factors including ASML Holding NV’s strong positioning for future growth and its robust financial performance. The company is expected to benefit from increased AI data center spending and the growing adoption of EUV technology in DRAM production, which are anticipated to drive significant growth in the latter half of 2026 and into 2027. Additionally, the introduction of the XT260 for packaging is seen as a positive development for 2027.
ASML’s recent financial results were in line with expectations, with management providing a positive outlook for the upcoming quarter. The company demonstrated strong bookings momentum, particularly in EUV and DUV, which is expected to continue into the next year. Despite some potential headwinds such as declining demand from domestic China, the overall outlook remains positive due to diversification efforts and a strong backlog, particularly in EUV sales. These factors collectively support the Buy rating from Krish Sankar.
Sankar covers the Technology sector, focusing on stocks such as Apple, Micron, and Applied Materials. According to TipRanks, Sankar has an average return of 29.5% and a 66.58% success rate on recommended stocks.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a €1,000.00 price target.