Wells Fargo says the firm “can’t refute the move” in ASML shares today as the firm contends that booking expectations leading into the company’s report were “simply too high.” However, the firm would be buyers on weakness as it views the 2025 re-acceleration story as unchanged and contends that the focus remains on logic EUV bookings as the semi cycle recovers. The firm has an Overweight rating and $1,150 price target on ASML shares.
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