ASML price target raised to $1,450 from $1,140 at Wells Fargo

Wells Fargo raised the firm’s price target on ASML (ASML) to $1,450 from $1,140 and keeps an Overweight rating on the shares. The firm has updated its bottom-up Semi industry model and reviewed key themes ahead. Wells would highlight Industrial and Electrical leading AI indicators, AI token-driven supply / demand model, and WFE die-to-wafer models.