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.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASML:
- More Headaches for Nvidia (NVDA)? China Builds Prototype Machine for AI Chips
- ASML Holding NV: Growth Catalysts and Market Opportunities Drive Buy Rating
- ASML price target raised to EUR 1,300 from EUR 1,150 at Cantor Fitzgerald
- ASML price target raised to EUR 1,150 from EUR 1,000 at Deutsche Bank
- ASML price target raised to EUR 1,200 from EUR 1,050 at Citi