Wells Fargo raised the firm’s price target on ASML (ASML) to $1,750 from $1,650 and keeps an Overweight rating on the shares. The firm thinks the reaction in shares is overdone and remains a buyer of ASML, given raised 2026 guide driven by non-China, and update on low-numerical-aperture extreme ultraviolet manufacturing capacity. Wells expects shares to be driven by further improving 2027 visibility to over 80 low-NA EUV units.
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