BofA raises ASML stock price target to €2,557 on higher estimates
BofA Securities raised its price target for ASML (ASML) to €2,557 from €2,452, maintaining a Buy rating. The firm increased its 2028 revenue estimate to €76.5B and EPS to €85.2, citing higher average selling prices and increased unit forecasts. ASML's stock is currently overvalued relative to its Fair Value, according to InvestingPro.
How this was made
The 30-second read
Why it matters
The upgrade could attract buying interest and lift ASML's share price in the short term.
Market read
Analyst upgrade for a market-leading equipment maker may influence sector sentiment and short-term price action.
What to watch
Potential supply chain constraints or macro slowdown could temper growth.
Background
BofA Securities issued a new price target and updated forecasts for ASML, a key player in semiconductor lithography.
Ticker impact
BofA raised its price target for ASML to €2,557, indicating upgraded earnings and revenue forecasts.
likely upward pressure as investors price in higher growth expectations
Target increase reflects higher revenue and EPS forecasts, which typically boost investor sentiment.
Market effects
Positive for semiconductor equipment sector as ASML leads EUV lithography.
European markets may see modest gains in tech exposure.
Limited to investors tracking semiconductor supply chain.
Counterpoint
Target raise may already be priced in; risk of overvaluation persists.
Key entities
- analystBofA Securities
Investment bank providing the target raise.
