Morgan Stanley analyst Lee Simpson maintained a Buy rating on ASML Holding NV today and set a price target of €1,400.00.
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Lee Simpson has given his Buy rating due to a combination of factors that reinforce ASML’s growth and profitability outlook. The company’s first-quarter results slightly exceeded revenue expectations and delivered a stronger-than-guided gross margin, while management highlighted that demand is running ahead of supply and customers are accelerating capacity expansion plans, pointing to solid momentum into 2027.
Simpson also notes that ASML raised its 2026 revenue target to about €38 billion, above prior expectations, and is planning capacity for at least 60 EUV tools in 2026 and 80 in 2027, suggesting further upside if clean-room build-outs progress. Although near-term guidance for the second quarter and margins is somewhat softer than consensus and China demand is weakening, these issues are viewed as manageable within a robust longer-term demand and capacity story, supporting the Buy recommendation.
In another report released today, Goldman Sachs also maintained a Buy rating on the stock with a €1,450.00 price target.