Goldman Sachs raises ASML price target to 2000 euros, driven by upward revisions in Micron and Samsung capital expenditures.

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Deep Tide TechFlow News, July 3rd — According to Tide Direction Research, Goldman Sachs raised its 12-month target price for ASML from €1,770 to €2,000 on July 1st, maintaining a Buy rating. This corresponds to 43 times the expected 2027 P/E ratio (previously 40 times), implying an upside of approximately 16.2% from the closing price of €1,721.40.

The Q2 earnings report is scheduled for release on July 15th. This adjustment is primarily driven by upward revisions in capital expenditure guidance from Micron and Samsung: Micron provided a fiscal 2027 capex guidance of approximately $50 billion, while Samsung announced an investment plan of about 2,450 trillion Korean won from 2026 to 2040, with roughly 76% allocated to semiconductors. Goldman Sachs also expects the Chinese market to absorb capacity this year, with a potential new wave of equipment orders in 2027.

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