ASML price target lowered to EUR 755 from EUR 797 at BofA

BofA analyst Didier Scemama lowered the firm’s price target on ASML (ASML) to EUR 755 from EUR 797 and keeps a Buy rating on the shares. The firm reduced estimates following the company’s Q2 report. ASML seeks more cautious on 2026, citing macro and geopolitical uncertainties, including the impact of tariffs on demand, the analyst tells investors in a research note. BofA believes the uncertain demand environment makes it more difficult for ASML’s “challenged customers” like Intel and Samsung to place firm orders.