ASML Expected to Grow Robustly as Demand Visibility Improves
Dow Jones10-15 16:55
0855 GMT - Dutch semiconductor-equipment maker ASML Holding has good demand visibility and revenue opportunities that should allow it to grow strongly over the medium term, Citi analysts write in a note. They say ASML expressed confidence in the supply chain's ability to support output-expansion plans for its chip-making machines in 2027 and 2028. Meanwhile, they say the group should benefit from growing demand for upgrades and maintenance of machines that customers have already bought. That generates revenue for ASML. Analysts raise their target price for the stock to 2,300 euros from 2,200 euros. ASML shares trade 5.2% lower at 1,449 euros amid a broad selloff of stocks exposed to artificial intelligence.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments