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ASML price target raised to $935 from $743 at Bernstein

Bernstein raised the firm’s price target on ASML (ASML) to $935 from $743 and keeps a Market Perform rating on the shares. The firm notes ASML shares rallied more than 50% in the past two months. The rally was well justified as Samsung (SSNLF) restarted Taylor fab; TSMC (TSM) accelerated its U.S. capacity build out; HBM and DRAM upcycle is now likely to happen; Intel (INTC) leaves enough room for imagination of capex increase, even though nothing concrete yet; and even Rapidus sent positive message recently.

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