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ASML stock price target raised to EUR1,000 by Deutsche Bank on strong outlook

Published 16/10/2025, 09:44
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Investing.com - Deutsche Bank raised its price target on ASML Holding NV (AS:ASML) (NASDAQ:ASML) to EUR1,000.00 from EUR900.00 on Thursday, while maintaining a Buy rating following the company’s third-quarter results.

The semiconductor equipment maker reported third-quarter bookings of EUR5.4 billion, exceeding consensus expectations of EUR4.9 billion, with EUV technology for DRAM memory chips driving the performance.

Deutsche Bank expects ASML’s bookings to increase to EUR6.9 billion in the fourth quarter, primarily led by Taiwan Semiconductor Manufacturing Company (TSMC).

The bank highlighted ASML’s improved outlook for 2026, noting the company no longer expects a decline that year despite projecting a "significant decline" in China business, which is expected to drop by double digits.

The more positive 2026 outlook reflects growing confidence in low NA EUV volumes, with Deutsche Bank now forecasting 54 units for 2026 compared to 46 units expected to ship in 2025, driven by accelerating plans from TSMC, Micron, and SK Hynix amid strong artificial intelligence demand.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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