Evercore ISI analyst Mark Lipacis raised the firm’s price target on ASML (ASML) to EUR 1,000 from EUR 755 and keeps an Outperform rating on the shares. Following a “beat & raise” quarter, the firm remain buyers as it thinks tailwinds in AI will continue to drive upside surprises in leading-edge spending and that China headwinds for the group and for ASML are “largely baked in,” the analyst tells investors.
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