Freedom Broker analyst Egor Tolmachev upgraded ASML (ASML) to Buy from Hold with a price target of $1,650, up from $950. The firm sees improving visibility for the company following its “broad-based” Q1 beat. The report reinforces the “AI-driven upcycle thesis,” the analyst tells investors in a research note. Freedom says ASML is experiencing “durable demand signals.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASML:
- ASML price target raised to EUR 1,570 from EUR 1,500 at Berenberg
- ASML price target raised to EUR 1,600 from EUR 1,500 at Deutsche Bank
- ASML price target raised to EUR 1,475 from EUR 1,450 at Susquehanna
- ASML call buyer realizes 115% same-day gains
- NVDA, AMD, AVGO: Chip Stocks Rally as TSMC and ASML Signal Strong AI Demand