Bernstein analyst David Dai CFA maintained a Hold rating on ASML Holding NV today and set a price target of €800.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
David Dai CFA has given his Hold rating due to a combination of factors influencing ASML Holding NV’s current market position. The company has experienced a significant rally of over 50% in recent months, driven by positive developments such as Samsung restarting its Taylor fab and TSMC expanding its US capacity. Additionally, the anticipated upcycle in HBM and DRAM markets, along with potential increases in Intel’s capital expenditures, have contributed to an optimistic outlook.
However, David Dai CFA also highlights several challenges that temper this optimism. Despite the improved 2026 growth outlook, there are concerns about China stockpiling and the ongoing debate over lithography intensity as new technologies emerge. Furthermore, with the current valuation at 34x P/E, there is limited upside potential. As a result, while ASML’s prospects are promising, these structural headwinds and valuation concerns justify maintaining a Hold rating.
According to TipRanks, Dai CFA is a 4-star analyst with an average return of 10.1% and a 67.39% success rate. Dai CFA covers the Technology sector, focusing on stocks such as ASML Holding NV, Infineon Technologies AG, and Advantest.