Nykredit Bank upgraded ASML Holding to buy from hold with a new price target of €1450, driven by surging AI demand for EUV tools. The stock rose 1.16% to $1423.19 today, extending a monthly gain of 11.3% that has significantly outperformed the sector.
- The company benefits from a monopoly on EUV technology for 3nm+ chips, serving major manufacturers including TSMC, Samsung, and Intel.
- ASML projects a strong 2026 outlook with revenue between €34-€39 billion and a recently increased EPS consensus of $33.63.
- Current market movement reflects broader strength in AI semiconductors and a tech sector recovery amid cooling inflation.