Berenberg Reaffirms Buy Rating on ASML Holding NV with Price Target of €740.00

Berenberg Bank has reaffirmed their Buy rating on ASML Holding NV with a price target of €740.00. The analyst consensus is a Moderate Buy with an average price target of €754.40, implying a 20.55% upside from current levels. Goldman Sachs has also maintained a Buy rating with a €935.00 price target. The company's shares closed at €625.80.

Analysts have reaffirmed their positive outlook on ASML Holding NV, with several major firms maintaining their Buy ratings and adjusting their price targets. Berenberg Bank has reaffirmed its Buy rating with a price target of €740.00, while Goldman Sachs has maintained its Buy rating with a target of €935.00. The analyst consensus remains Moderate Buy, with an average price target of €754.40, indicating a potential 20.55% upside from current levels.

The company's shares closed at €625.80, up from €705.37 at the end of the previous trading day. ASML Holding NV, a leading supplier of semiconductor manufacturing equipment, has seen a mixed reaction from analysts in recent months. J.P. Morgan analyst Sandeep Deshpande maintained a Buy rating with a price target of €970.00, while Deutsche Bank also maintained a Buy rating with a target of €750.00 [1].

However, DZ BANK AG downgraded ASML to a Hold rating, citing a Moderate Buy consensus rating and a €754.40 average price target, representing a 6.95% upside. The downgrade came despite the company's strong financial performance, with a quarterly revenue of €7.74 billion and a net profit of €2.36 billion for the quarter ending March 31 [2]. The company's competitive edge in advanced lithography machines and robust demand from major clients such as TSMC and Intel have been highlighted by analysts [1].

Looking ahead, ASML anticipates third-quarter sales to be between €7.4 billion and €7.9 billion, with a gross margin between 50% and 52%. The company also expects total net sales growth of approximately 15% compared to 2024, maintaining a gross margin around 52% [2]. Investors should closely monitor ASML's earnings releases and guidance updates to gauge the impact of geopolitical and economic uncertainties on the company's growth prospects.

References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/ASML/pressreleases/33457024/asml-holding-nv-0qb8-new-buy-recommendation-for-this-technology-giant/
[2] https://www.ainvest.com/news/asml-holding-downgraded-hold-rating-dz-bank-ag-analyst-2507/