Analyst Andrew Gardiner of Citi reiterated a Buy rating on ASML Holding NV, retaining the price target of €1,600.00.
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Andrew Gardiner has given his Buy rating due to a combination of factors including sustained strength in demand and upgraded medium‑term outlook. Management lifted their 2026 revenue target by a mid‑single‑digit percentage and are already scaling production for 2027, implying sales could surpass current market forecasts by more than 4%, supported by higher planned output of both EUV and non‑EUV systems.
He also notes that recent financial execution has been robust, with Q1 2026 revenue, margins and EPS all coming in ahead of expectations, underscoring strong operational performance. While Q2 2026 guidance is slightly softer on revenue and margins, ASML still benefits from solid momentum in advanced logic and memory, a resilient installed‑base revenue stream, and capacity expansion that together justify maintaining a Buy rating and a €1,600 target price.
In another report released today, Barclays also maintained a Buy rating on the stock with a €1,500.00 price target.