ASML : We think that the sequence of stability in 2024 and a strong acceleration in 2025 is credible
>Outperform rating reiterated following a post-Q3 results road show - Following a road show with Peter Convertito (IR Director North America), we reiterate our positive stance on ASML. The Q3 earnings report with guidance for a stable 2024 was an opportunity to reset expectations to a level more consistent with the idea of a year of transition in 2024, in which spending by big clients such as TSMC on advanced production capacities will be paused after a period of stro...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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