Citi Group has raised its target price for ASML Holdings from 2,200 euros to 2,300 euros; HSBC has raised its target price for ASML Holdings from 2,177 euros to 2,261 euros; Jefferies has lowered its target price for ASML Holdings from 1,650 euros per share to 1,590 euros; JPMorgan Chase has lowered its target price for ASML Holdings from $2,400 to $2,350.
On Wednesday, ASML raised its full-year forecast for the third time this year, due to the acceleration of AI infrastructure construction, which has boosted demand for its advanced semiconductor manufacturing equipment.
This Dutch group expects its annual sales to range from 44 billion to 45 billion euros, which is equivalent to 49.27 billion to 50.39 billion US dollars; the previous forecast was between 43 billion and 45 billion euros. At the same time, the gross margin is expected to be around 56%, compared to the previous forecast range of 54% to 56%.
