ASML: Jefferies raises target price

(CercleFinance.com) - Jefferies announced on Friday that it had raised its target price for ASML shares from E760 to E840 (cp: E650, -3.
2%), saying that it expects the Dutch company's share price to rise again as investor confidence in the stock returns.

The US broker - which maintains its buy recommendation on the stock - points out that the last investor day was an opportunity for the world's number one manufacturer of semiconductor production equipment to reiterate the solid growth prospects of the EUV lithography market.

It adds that ASML expects the performance and power consumption requirements of generative AI applications to fuel Moore's Law, and to provide stronger-than-expected support for demand for its systems.

Like ASML, which recently announced a positive outlook, the broker thus expects sales growth for the Veldhoven-based group in 2026.


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