Lee Simpson, an analyst from Morgan Stanley, maintained the Buy rating on ASML Holding NV. The associated price target was raised to €1,000.00.
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Lee Simpson has given his Buy rating due to a combination of factors that highlight ASML Holding NV’s strong market position and future growth potential. One of the key reasons is the robust demand for ASML’s EUV systems, driven by the transition in DRAM technology to more advanced nodes. This shift is expected to increase lithography intensity, thereby boosting demand for ASML’s equipment, particularly from major players like Samsung and Hynix.
Simpson also notes the resilience in ASML’s margins, supported by higher sales of EUV tools and improvements in Installed Base Management. Despite a slowdown in DUV sales, the company is expected to maintain healthy margins. Additionally, the positive momentum in lithography demand and strong DRAM and foundry spending contribute to a favorable outlook for ASML, prompting an increase in the price target to €1,000 and the stock’s elevation to a Top Pick.
In another report released yesterday, UBS also maintained a Buy rating on the stock with a €1,030.00 price target.