ASML Holding NV, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Krish Sankar from TD Cowen maintained a Buy rating on the stock and has a €750.00 price target.
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Krish Sankar has given his Buy rating due to a combination of factors that highlight ASML Holding NV’s strong market position and growth potential. Despite some concerns about the lack of confirmation on CY26 growth, the company’s backlog remains robust at approximately €33 billion, which includes adjustments related to China export controls. This indicates a solid demand for ASML’s products in the long term.
ASML’s recent financial performance also supports the Buy rating. The company reported better-than-expected revenue, gross margin, and earnings per share for the June ’25 quarter, driven by strong equipment upgrades and revenue recognition for a High-NA tool. Additionally, the growth in EUV revenue, primarily due to productivity improvements, and the significant contribution from Foundry/Logic sales, further underscore ASML’s potential for continued success. These factors collectively reinforce the positive outlook for ASML’s stock.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a €797.00 price target.