H.C. Wainwright analyst Adithya Metuku initiated coverage of ASML with a Buy rating and EUR 945 price target. The company’s “monopolistic position” in lithography tools could drive earnings upside and 2024 expectations “don’t seem demanding,” the analyst tells investors in a research note. The firm says 2025 estimates and the share price may have upside potential as the industry enters an upcycle.
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