Morningstar increased its fair value estimate for ASML Holding NV to $2,050, up from $1,400. This revision follows updated long-term forecasts.
ASML plans to significantly expand production capacity for Low-NA EUV and DUV immersion systems by 2028. This expansion aims to meet strong customer demand. Customers support this planned expansion by committing to orders with down payments. This commitment boosts ASML's confidence to increase manufacturing capabilities.
The analysis highlights a sustained high-demand environment for ASML's semiconductor equipment. The industry pushes towards more advanced chip manufacturing.