In a report released today, Didier Scemama from Bank of America Securities reiterated a Buy rating on ASML Holding NV, with a price target of €797.00.
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Didier Scemama has given his Buy rating due to a combination of factors that highlight ASML Holding NV’s strong performance and future potential. The company’s Q2 results exceeded expectations, with net bookings significantly surpassing consensus estimates, driven by strong demand in the logic sector. Additionally, ASML’s revenue guidance for 2025 remains robust, and the company is fully booked for its EUV and DUV technologies, indicating a stable outlook for the coming years.
Furthermore, ASML’s strategic focus on preparing for growth in 2026, despite some uncertainties, presents a positive outlook for the stock. The company’s progress in high-NA technology and its ability to achieve key milestones, such as the delivery of the first high-volume manufacturing tool, further bolster confidence in its future performance. These factors, combined with an increased price objective and a favorable valuation range, underpin the Buy rating recommendation.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a €970.00 price target.