ASML is trading higher in pre-market, continuing its strong momentum following multiple recent analyst upgrades that cited robust AI-driven demand for semiconductor equipment.
- The stock is currently trading at $1,200.30, reflecting a 3.14% gain in pre-market.
- Cantor Fitzgerald raised its price target to €1,300, while Citi increased its target to €1,200.
- The positive sentiment is supported by analyst projections of 16% annual earnings growth over the next three years, driven by AI infrastructure buildout.