ASML's Confirmation of Long-Term Guidance Is Positive -- Market Talk

Dow Jones11-14

0844 GMT - ASML Holding made no changes to its 2030 sales and margin targets in a good development for the stock, J.P. Morgan analysts write in a note to clients. The Dutch semiconductor-equipment maker is still expecting sales of roughly 44 billion to 60 billion euros in 2030 and a gross margin of about 56% to 60%. The analysts say they weren't expecting a guidance upgrade since ASML cut its 2025 forecasts only last month. The lack of surprises is good for the company, they add. ASML shares trade 4% higher at 652.80 euros. (mauro.orru@wsj.com)

 

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November 14, 2024 03:44 ET (08:44 GMT)

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