Aletheia Capital analyst Warren Lau double upgraded ASML (ASML) to Buy from Sell with a Street-high price target of $1,500, up from $750. The firm increased its fiscal 2026 and 2027 earnings estimates “significantly” to reflect ASML’s investment expansions and capacity upgrades. Stronger extreme ultraviolet lithography demand from DRAM suppliers, “resilient” deep ultraviolet orders from China a potential surge in TSMC demand in fiscal 2027 will drive upside to estimates, the analyst tells investors in a research note.
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