ASML : New targets for 2025 and 2030 are clearly above expectations, Outperform confirmed and TP upgraded to € 700 (vs € 600)
>Outperform reiterated, TP € 700 (€ 600), still a very attractive valuation and an unprecedented growth story in the industry - Last night, ahead of today’s CMD from 1.30 p.m. to 4.30 p.m. CET (CMD 2022), ASML sent a press release, upgrading 2025 targets and setting new 2030 targets both clearly above expectations (respectively 6% and 12% above consensus expectations). We reiterate our Outperform rating. Beyond the current short-term macroeconomic and geopolitical iss...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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