ASML is trading at $1512.00 (+3.6%) after being named a 'top pick' by UBS, which also raised its price target on the stock, citing a compelling risk/reward profile and underappreciated growth drivers.
- UBS Analyst Upgrade: The bank reinstated ASML as its top pick in the European semiconductor sector, raising its price target to €1,900 from €1,600 and lifting earnings estimates well above consensus.
- High-NA EUV Momentum: The positive sentiment is also supported by CEO Christophe Fouquet's confirmation on Tuesday that the first chips made with its next-generation High-NA EUV machines should arrive within months.
- Market Underperformance: UBS noted that the stock has lagged peers, creating an attractive entry point for investors.