Bernstein Bullish on ASML Holding N.V. (ASML) Amid Strong China-Related DUV Demand
We recently compiled a list of the 20 Most Profitable Stocks of the Last 20 Years. ASML Holding N.V. is placed fifth among the most profitable stocks.
According to TheFly, on January 23, Berenberg raised its price target for ASML to €1,300 from €1,200 while maintaining a Buy rating on the stock.
Earlier, on January 22, Bernstein raised its price target for ASML Holding N.V. (NASDAQ:ASML) to $1,642 from $1,528 and maintained an Outperform rating. The firm noted that upside from ASML’s DUV business is currently being underappreciated and added that revenue from China-related DUV demand is unlikely to see a significant decline.
ASML Holding N.V. (NASDAQ:ASML) is a leading semiconductor equipment company that specializes in advanced lithography systems used to manufacture integrated circuits.
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