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ASML upgraded to Buy at UBS following underperformance

As previously reported, UBS upgraded ASML (ASML) to Buy from Neutral with a price target of EUR 750, up from EUR 660. With the stock down about 20% following a year of underperformance, the firm views the overhang from the Chinese market as “well understood by the market,” the analyst tells investors. In 2027 the firm sees the return of ASML as “a quality compounder” delivering a 20% EPS compound annual growth rate from 2026-2030, the analyst added.

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