Goldman Sachs names ASML to the firm’s European Conviction List with a Buy rating and and price target of EUR 785. The company’s long-term structural growth story remains highly attractive as “EUV/High NA further ramps” and with near-term estimates being de-risked, the analyst tells investors in a research note. The stock’s valuation is also attractive following the recent pull back as it now trades in-line with European tech peers and does not reflect its unique industry positioning and growth profile, the firm added.
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