TD Cowen raised the firm’s price target on ASML (ASML) to EUR 1,500 from EUR 1,000 and keeps a Buy rating on the shares. The company reported “solid” results and guidance, the analyst tells investors in a research note. The firm says strong artificial intelligence spending plans in leading edge logic and DRAM are driving demand for extreme ultraviolet lithography, which should more than offset a decline in China sales. It sees ASML posting 12% revenue growth in 2026.
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