Several Wall Street investment banks maintain bullish views on ASML. Analysts believe there is still room for upward revisions to subsequent orders and revenue expectations.

BlockBeats, July 16: After ASML disclosed strong results and raised its guidance in its latest financial report, multiple Wall Street firms maintained a bullish outlook, saying the lithography giant remains one of the most critical equipment suppliers in the AI semiconductor expansion cycle.

Bernstein maintained an ASML Outperform rating with a target price of $2,623. The firm believes ASML’s order momentum and customer demand remain strong—especially for advanced process nodes, AI accelerators, logic chips related to HBM, and expansion at high-end wafer fabs—continuing to support demand for EUV and advanced lithography equipment.

Institutions including Jefferies, UBS, Citigroup, and Cantor also issued positive interpretations of ASML’s guidance. Some analysts believe the company’s current capacity planning is still somewhat conservative; if TSMC, Samsung, Intel, and memory manufacturers continue to lock in capacity in advance for AI demand from 2027 to 2028, ASML’s subsequent order and revenue outlook still has room to be raised. Market focus has shifted from “whether AI demand exists” to “whether capacity can keep up.”