Intel stock extends gains after report of possible U.S. government stake
Investing.com - JPMorgan has lowered its price target on ASML Holding NV (AS:ASML) (NASDAQ:ASML) to EUR822.00 from EUR970.00 while maintaining an Overweight rating.
The price target reduction follows a significant 11.4% drop in ASML’s share price after the company expressed caution about its fiscal year 2026 outlook.
JPMorgan notes that it remains unclear whether the cautious outlook stems from delayed decision-making at AI-exposed customers due to tariff-related uncertainty, or from ASML’s knowledge of specific investment plans from major customers like Intel (NASDAQ:INTC) or Samsung (KS:005930) for FY26.
The investment bank expects that ASML’s cautious guidance will likely result in FY26 estimates declining toward flat year-over-year growth, though the impact on FY27 estimates remains uncertain.
JPMorgan suggests that until more clarity emerges on how estimates develop, ASML stock is likely to continue trading within its current range.
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