Joseph Quatrochi, an analyst from Wells Fargo, reiterated the Buy rating on ASML Holding (ASML – Research Report). The associated price target was lowered to $840.00.
Joseph Quatrochi has given his Buy rating due to a combination of factors including ASML’s reaffirmation of its revenue guidance for 2025 despite existing uncertainties related to tariffs. The company has maintained its revenue projections between €30-€35 billion, with a strong backlog in EUV and significant coverage in DUV, which indicates potential for revenue growth driven by AI-related demand and fab readiness.
Additionally, Quatrochi notes an improvement in ASML’s expected revenue from China, which is projected to account for over 25% of total revenue, up from previous estimates. Although there are concerns regarding tariff implications and a decrease in bookings compared to previous quarters, the overall outlook remains positive due to the company’s strategic positioning and market demand dynamics.