Report
Martin Marandon-Carlhian ...
  • Stephane Houri

ASML : Feedback from the CMD: unrivalled visibility in the sector

>Outperform recommendation reiterated after a very good CMD - In light of the very optimistic tone at the CMD, we reiterate our Outperform recommendation on ASML. Our target price is unchanged at € 700 (strongest upside in our coverage at +27%), which we had already raised last Friday morning in anticipation. We have revised up our forecast for 2025 EPS by 16% due to the new 2025 targets, the underlying assumptions of which have, moreover, been described as conservati...
Underlying
ASML Holding NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Martin Marandon-Carlhian

Stephane Houri

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