ASML Holding, the Technology sector company, was revisited by a Wall Street analyst on July 16. Analyst Joseph Quatrochi from Wells Fargo maintained a Buy rating on the stock and has a $890.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Joseph Quatrochi has given his Buy rating due to a combination of factors that highlight ASML Holding’s potential for growth despite some uncertainties. The company’s recent performance showed a strong bookings report, particularly driven by non-EUV orders and a positive outlook from China, which is expected to contribute significantly to the revenue in the second half of 2025. This indicates a robust demand for ASML’s products, especially in the Chinese market, which is a critical growth area.
Additionally, ASML’s updated 2025 revenue outlook suggests a year-over-year growth of approximately 15%, aligning with market expectations. Despite some uncertainties regarding 2026 growth due to macroeconomic and geopolitical factors, the company’s strong backlog and improved gross margins provide a solid foundation for future performance. These factors collectively support the Buy rating, as they reflect ASML’s ability to navigate challenges while capitalizing on growth opportunities.
According to TipRanks, Quatrochi is a 5-star analyst with an average return of 19.3% and a 64.63% success rate. Quatrochi covers the Technology sector, focusing on stocks such as KLA, Applied Materials, and ON Semiconductor.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $871.00 price target.