Aletheia Capital upgraded ASML Holding NV stock to "buy" from "sell" on Friday. The firm simultaneously doubled its price target for ASML, raising it to $1,500 from $750.
The upgrade stems from a sharply improving demand outlook for the company’s extreme ultraviolet (EUV) lithography tools. This demand is particularly strong among memory chip makers and key customer TSMC.
Aletheia substantially increased its earnings forecasts for ASML for fiscal years 2026 and 2027. The firm anticipates accelerated sales growth that surpasses both company guidance and consensus estimates. Following the announcement, ASML shares rose over 3%.