ASML: Oddo raises target price

(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on ASML shares, having increased its target price for them from 760 euros to 900 euros, based on higher forecasts, seeing the company as a story of unparalleled technological dominance that warrants more upside.


The broker underlines a stockmarket performance that reflects impressive improvements in its fundamentals, albeit nothing excessive, adding that this success is not just luck, but is rather thanks to technological dominance that results in market share gains and continued growth.

It adds that the factors are still in place and could even be amplified, saying that the group's CMD on 29 September should enable it to its outlook through to 2025, with it even potentially giving visibility through to 2030.


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