Mizuho has raised its price target for ASML Holdings (ASML) to €1,110 per share, highlighting increased investor interest and confidence in the stock. Analysts at the firm noted that ASML has become a favored investment among both long-only (LO) and hedge fund (HF) investors.
This upgrade comes on the heels of remarks from ASML’s new CEO, who reaffirmed the company’s mid-20% year-on-year revenue growth target for 2025. Additionally, the CEO mentioned that TSMC would be ordering their first High N/A EUV tool for research and development, indicating that the adoption of this advanced technology is a matter of timing rather than possibility.
“ASML stock is nearing its all-time highs and is well-regarded by investors,” stated Mizuho. The firm also observed significant optimism leading up to ASML’s November analyst day, where investors anticipate an upbeat financial update that could surpass the prior long-term targets set for 2030.
Mizuho emphasized that the key factor for ASML’s stock performance in the upcoming Q2 earnings report will be the volume of EUV orders. They noted that EUV orders need to reach €5 billion or more; a lower figure of €4 billion could introduce risks and exert pressure on the growth outlook for the calendar year 2025.
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