Several Wall Street firms maintained positive views on ASML after the chip-equipment maker reported strong results in its latest earnings release and raised its guidance, according to BlockBeats. Analysts said the company remains one of the most important equipment suppliers in the AI-driven semiconductor capacity expansion cycle.
Bernstein kept its Outperform rating on ASML and set a $2,623 price target. The firm said order momentum and customer demand are still strong, with advanced process nodes, AI accelerators, HBM-related logic chips, and high-end fab expansion continuing to support demand for EUV systems and other advanced lithography tools.
Jefferies, UBS, Citi, and Cantor also gave positive readings of ASML’s updated outlook. Some analysts said the company’s current capacity planning may still be conservative. If TSMC, Samsung, Intel, and memory manufacturers continue locking in capacity early for AI demand expected in 2027 and 2028, ASML’s future order and revenue expectations could still move higher. In that view, the market’s focus has shifted from whether AI demand exists to whether supply capacity can keep up.
ASML drew fresh support from several Wall Street firms after reporting strong earnings and raising its guidance, according to BlockBeats on July 16. Analysts said the lithography leader remains one of the most important equipment suppliers in the semiconductor buildout tied to AI demand.
Bernstein maintained an Outperform rating on ASML with a $2,623 price target. The firm said the company still has solid order momentum and customer demand. It pointed to advanced process technology, AI accelerators, HBM-related logic chips, and expansion at high-end wafer fabs as drivers that continue to support demand for EUV systems and other advanced lithography equipment.
Jefferies, UBS, Citi, and Cantor also gave positive interpretations of ASML’s updated guidance. Some analysts said the company’s current capacity plan still looks conservative. If TSMC, Samsung, Intel, and memory makers continue securing capacity in advance for AI demand expected in 2027 and 2028, ASML could still see upward revisions to its order and revenue outlook.
That has left the market focused less on whether AI demand is real and more on whether production capacity can keep pace.
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