Analyst Didier Scemama from Bank of America Securities maintained a Buy rating on ASML Holding NV and keeping the price target at €941.00.
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Didier Scemama’s rating is based on ASML Holding NV’s strong performance in the third quarter, where the company exceeded expectations in several key areas. The company’s bookings were notably higher than anticipated, with a significant portion coming from EUV technology, indicating robust demand in both Logic and Memory segments. Furthermore, ASML’s gross margin and EBIT surpassed consensus estimates, showcasing the company’s operational efficiency and profitability.
Looking ahead, ASML’s guidance for the fourth quarter and beyond suggests continued growth, with sales and margins expected to exceed market expectations. The company anticipates a substantial increase in sales and maintains a positive outlook for 2025, with potential upside in 2026. These factors, combined with the momentum in EUV adoption and advancements in High NA EUV, underpin Scemama’s Buy rating for ASML, reflecting confidence in the company’s future growth prospects and market position.
Scemama covers the Technology sector, focusing on stocks such as ASML Holding NV, STMicroelectronics NV, and Logitech. According to TipRanks, Scemama has an average return of 0.1% and a 47.06% success rate on recommended stocks.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a €1,000.00 price target.