Bernstein: Raises ASML’s price target to €2,500 and lists three key upside drivers

Golden Finance News, July 16: Bernstein raised ASML’s target price from €2,300 to €2,500 and maintained a “Outperform” rating. Analyst David Dai pointed out three main upside drivers: first, ASML plans to increase the low-number-aperture EUV and ArFi production capacity by 30% each year in 2027 and 2028; second, there is room for upside in pricing—estimates indicate that the average EUV selling price will rise by 10% in 2027, and in 2028 it could again achieve a high-single-digit percentage increase; third, he is optimistic about further improvement in profit margins, with the company’s guidance for gross margin in the second half of 2026 set at 56%, higher than the market’s general expectation of 52.6%. Bernstein raised its revenue forecasts for ASML for 2027 and 2028 to €56 billion and €72 billion, respectively, and also adjusted its earnings per share forecasts upward to €53.6 and €75.3.
ASML-2.40%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned