ASML : There is (once again) upside in the air
>There is still scope for upside. Outperform, target price raised to € 1,110 vs € 900 - Following our 2024 TMT Forum, we reiterate our Outperform recommendation and have raised our forecast by 11% for 2025 and our target price from € 900 to € 1,100, i.e. additional upside of 20%. Despite the very good performance delivered by the share YTD (+40%), we think that there is scope for additional upside. Order intake should remain robust over the coming quarters (at least €...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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