In a report released today, Andrew Gardiner from Citi maintained a Buy rating on ASML Holding NV, with a price target of €860.00.
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Andrew Gardiner’s rating is based on several positive indicators for ASML Holding NV. The company’s second-quarter order intake exceeded expectations, reaching €5.5 billion compared to the consensus of €4.4 billion. This was largely driven by strong demand in the logic sector and EUV technology. Despite some shifts in the EUV/DUV mix, ASML’s revenue outlook for 2025 remains robust, with a projected growth of 15% or €32.5 billion, aligning with market expectations.
Additionally, ASML’s second-quarter results surpassed consensus estimates, with revenue reaching €7,692 million and a gross margin of 53.7%, both higher than anticipated. The company also reported a significant earnings per share (EPS) of €5.90, beating the consensus by 14%. While there are some uncertainties regarding 2026 growth due to macroeconomic factors, the strong order intake and financial performance support a positive outlook, justifying Gardiner’s Buy rating.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a €970.00 price target.