ASML received a significant boost after Barclays upgraded the stock from Equal-Weight to Overweight on January 29, 2026, leading the stock to trade up 1.38% mid-session at $1442.60 and outperforming the broader NASDAQ tech sell-off.
- Recent earnings revealed substantial financial strength, including a record €38.8B backlog extending through 2027.
- The company provided 2026 revenue guidance between €34B and €39B, though the report also included plans for 1,700 job cuts.
- The bullish sentiment follows earlier analyst action, including Bernstein raising its price target to $1,642 on January 22.