ASML price target raised to EUR 1,300 from EUR 1,150 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on ASML (ASML) to EUR 1,300 from EUR 1,150 and keeps an Overweight rating on the shares. The SOX is positioned to lead markets higher after outperforming the S&P by roughly 30 points in CY25, supported by the early stages of the AI era driving demand across compute, networking, memory, and equipment, the analyst tells investors in a research note. While cyclical factors may create mixed signals, the macro backdrop and expected exponential growth in AI infrastructure spending support a long position in the SOX and overweight exposure to AI-related plays into CY26, the firm says.