Berenberg lowered the firm’s price target on ASML (ASML) to EUR 740 from EUR 800 and keeps a Buy rating on the shares. The company’s ASML’s Q1 results confirmed that the semi end-market dynamic is developing as expected, and artificial intelligence continues to be the main driver of semi end market demand, the analyst tells investors in a research note. Although ASML acknowledged the near-term tariff uncertainty, the company maintained its 2025 revenue guidance, and expects 2026 to be another growth year, adds the firm.
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