ASML Price Targets Rise on Strong EUV Bookings as Bernstein Flags Limited Disruption Risk
Fresh research downplays disruption from a startup touting X‑ray lithography, reinforcing confidence in ASML’s EUV lead.
Overview
- Berenberg lifted ASML’s price target to €1,050 with a Buy rating after Q3 showed robust momentum in EUV system orders.
- Deutsche Bank raised its target to €1,000 with a Buy call, and Morgan Stanley moved to €975 with an Overweight rating following the results.
- Q3 bookings were described as largely in line, with EUV orders reaching their highest levels since Q4 2023.
- Analysts cite DRAM spending and AI-related capacity builds as key drivers supporting demand into 2026.
- Bernstein SocGen reiterated Market Perform with a $935 target and said a startup’s X‑ray approach faces structural hurdles, leaving ASML’s position intact.