ASML: Credit Suisse starts tracking with 'buy' - targets E27
(CercleFinance.com) - Credit Suisse has begun to monitor the share of ASML, the Dutch equipment manufacturer for the semiconductor industry.
Alongside this first buy rating ("outperform"), the broker has adopted a target price of 270 euros, meaning upside potential of over 25%.
The note underlines that with a market share of around 85%, ASML is the world leader in the lithography market, which had an estimated value of 11 billion dollars in 2018.
According to Credit Suisse, this segment benefits from strong growth prospects, and ASML could further raise its market share as Extreme Ultraviolet (EUV) technology expands.
Copyright (c) 2019 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.
Alongside this first buy rating ("outperform"), the broker has adopted a target price of 270 euros, meaning upside potential of over 25%.
The note underlines that with a market share of around 85%, ASML is the world leader in the lithography market, which had an estimated value of 11 billion dollars in 2018.
According to Credit Suisse, this segment benefits from strong growth prospects, and ASML could further raise its market share as Extreme Ultraviolet (EUV) technology expands.
Copyright (c) 2019 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.