Bank of America lifts ASML price target and raises 2028 revenue and EPS forecasts
Bank of America Securities increased its price target for ASML to €2,557 (about $2,915) from €2,452 and kept a Buy rating. The firm upgraded its 2028 revenue estimate to roughly €76.5 billion and EPS to €85.2, citing a 5% rise in average selling prices and higher unit shipments. It also raised its EUV system forecast to 120 units and dry system forecast to 210 units, partially offset by an estimated 2.5% increase in input costs.
Why it matters
BofA expects the higher‑value pricing strategy to add about 8% to earnings per share for each 5% price increase, which could improve ASML’s profit margins and support a higher stock valuation, according to the analyst’s note.
Key facts
- 1Price target raised to €2,557 from €2,452. investing.com
- 22028 revenue estimate increased to €76.5 billion. investing.com
- 32028 EPS estimate lifted to €85.2. investing.com
- 4EUV unit forecast raised to 120 from 110. investing.com
- 5Dry system forecast raised to 210 from 190. investing.com
- 6Assumes average selling price will rise about 5% by 2028. finance.biggo.com
Open questions
- Revenue estimate differs between €76.5 billion (material 1) and €76.57 billion (material 2).
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.