ASML: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse reinstates its "outperform" rating on ASML shares, having increased its target price for them to 960 euros (from 945 euros), following the Dutch semiconductor equipment manufacturer's quarterly results.


The broker left the analyst meeting following the release "with the view that near-term demand remains strong and record high backlog provides increasing confidence on ASML meeting 2023 consensus expectations".


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.