Didier Scemama, an analyst from Bank of America Securities, maintained the Buy rating on ASML Holding NV (0QB8 – Research Report). The associated price target remains the same with €859.00.
Didier Scemama has given his Buy rating due to a combination of factors that highlight ASML Holding NV’s strong market position and future growth prospects. Despite a miss in net bookings for the first quarter, ASML’s revenue was largely in line with expectations, and the company maintains a robust order book, particularly for its EUV and DUV systems. This indicates a solid demand for their advanced lithography technology, which is crucial for semiconductor manufacturing.
Scemama also points out that ASML’s gross margin exceeded expectations, driven by favorable product mix and pricing. The company’s outlook for 2026 as a growth year, supported by the increasing role of AI, further strengthens the Buy recommendation. Additionally, while there are some uncertainties due to tariffs, the strong performance in China and the expectation of a stronger second half of the year contribute to the positive outlook for ASML’s stock.
According to TipRanks, Scemama is an analyst with an average return of -6.7% and a 32.05% success rate. Scemama covers the Technology sector, focusing on stocks such as Logitech, STMicroelectronics, and ASML Holding.
In another report released today, Citi also maintained a Buy rating on the stock with a €930.00 price target.