ASML: Oddo raises target price
(CercleFinance.com) - Oddo confirms its buy rating on the ASML stock and has raised its target price to 380 euros (from 320 euros).
Analysts believe that the consensus has not taken ASML's management at its word on its "soft guidance," meaning that there could be a pleasant surprise in store.
Oddo underlines uncertainties regardubg H2 2020, although the background very favourable. The Scenario for 2020 remains unchanged, while 2021 has every chance of being a real year of strong acceleration.
Oddo adds that it still believes that the group will raise the targets for its 2025 plan.
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