ASML price target raised to $950 from $855 at Wells Fargo

Wells Fargo raised the firm’s price target on ASML to $950 from $855 and keeps an Overweight rating on the shares. The firm notes shares were up post Q4 as orders delivered significant upside, including record EUV and memory for DDR5/HBM. Order activity remains a key share driver as Wells focuses on 2025 estimate upside from the low-end of ASML’s target model.