Analyst Andrew Gardiner of Citi reiterated a Buy rating on ASML Holding NV, retaining the price target of €1,050.00.
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Andrew Gardiner has given his Buy rating due to a combination of factors that highlight ASML Holding NV’s promising outlook. The company’s third-quarter results for 2025 exceeded expectations in terms of margins and bookings, despite revenue being slightly below consensus. This performance indicates robust operational efficiency and a strong market position, particularly with the highest level of EUV orders in nearly two years, which supports the potential for revenue growth in 2026.
Furthermore, ASML’s guidance for the fourth quarter of 2025 suggests continued momentum, with revenue expected to surpass consensus estimates, driven by advancements in logic and memory demand. The company’s acknowledgment of the growing AI-driven demand in the chip market, despite current challenges in China, adds to the positive outlook. Gardiner anticipates that this momentum will build, reinforcing his Buy rating and the EUR1,050 target price.
In another report released today, Bank of America Securities also maintained a Buy rating on the stock with a €941.00 price target.