ASML: Jefferies raises its target price

(CercleFinance.com) - Jefferies announced on Friday that it had raised its target price for ASML from €760 to €840, saying it expects the Dutch company's share price to rise again as investor confidence in the stock returns.


The American broker - which is maintaining 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.

ASML, it continues, 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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