ASML : Upside clearly emerging for 2021
>We maintain our Buy rating - Ahead of ASML's Q4 2020 earnings release (20 January before trading), we have raised our 2021 forecasts by 10.7% and our target price to € 480 (vs € 420) and are maintaining our Buy rating. The recent newsflow on the memory segment, with the uptick in DRAM prices, which assumes that a supply/demand balance is forming, should quickly result in additional investment at manufacturers. Foundries (Samsung and TSMC) are also expected to further...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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