ASML : Boosting credibility of 2025 scenario
>2025 scenario bolstered, Outperform rating maintained, target price raised to € 900 (vs € 800) - ASML’s Q4 2023 results, reported yesterday, largely beat expectations, but, importantly, showed orders of € 9.2bn, substantially above the consensus, particularly thanks to EUV (high and low NA) and a sharp upturn in the memory segment. The group confirmed that 2024 is set to be a year of flat growth, but, importantly, that 2025 should be a year of strong recovery, whic...ASML Holding provides lithography systems for the semiconductor industry, manufacturing machines that are used in the production of integrated circuits or chips. Co. develops, produces, markets, sells and services advanced semiconductor equipment systems exclusively consisting of lithography systems. Co. sells its products to micro-processor manufacturers and Foundries, NAND-Flash memory and DRAM memory chipmakers. Co.'s products line includes the following: PAS 5000 lithography systems, which Co. no longer manufactures but continues to refurbish; PAS 5500 products; TWINSCAN DUV systems and TWINSCAN EUV systems based on a new platform utilizing the concepts of the TWINSCAN platform.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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