Cantor Fitzgerald maintained an Overweight rating on ASML, increasing its price objective from €1,150 to €1,300. This update, based on a December 16 report, reflects confidence in ASML's role in AI-driven demand for semiconductor technology.
Concurrently, Chinese producers are reportedly modernizing older ASML deep ultraviolet lithography equipment via secondary markets to boost chip output, circumventing export restrictions. This highlights persistent geopolitical risks, with ASML projecting a significant decline in China's net sales for 2026, despite expecting total 2026 sales not to fall below 2025 levels.