ASML: Oddo maintains buy rating, raises target price

(CercleFinance.com) - Oddo BHF reiterates its "buy" rating on the share of Dutch lithography equipment group ASML, having increased its corresponding target price from 420 euros to 480 euros, raising its forecasts for 2021 by 10.
7%, ahead of the group's Q4 2020 results (due before the market opens on 20 January).

The recent news regarding memory, with the rise in DRAM prices, will normally rapidly lead to additional investments by manufacturers, the broker says.

This should enable the group to be incrementally more positive in its communication on 2021 and which will continue to fuel positive sentiment around the stock, the analyst continues.


Copyright (c) 2021 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.