ASML stock price target raised to EUR940 by UBS on AI-led growth

Investing.com - UBS raised its price target on ASML Holding NV (AS:ASML) (NASDAQ:ASML) to EUR940.00 from EUR750.00 on Wednesday, while maintaining a Buy rating on the semiconductor equipment maker. The company, currently valued at $376.79 billion, has demonstrated robust financial performance with 26.41% revenue growth in the last twelve months, according to InvestingPro data.

The price target increase represents a 25% upside from the previous target and comes ahead of ASML’s third-quarter 2025 results, scheduled for release on October 15.

UBS revised its earnings per share estimates upward by 15-10% for 2026-2027, citing AI-led memory growth and better-than-expected smartphone and PC sales as key drivers.

ASML shares have performed strongly in recent weeks, gaining 30% over the past month as investors showed increased appetite for both ASML and broader technology stocks.

UBS expects favorable newsflow for ASML over the next 6-12 months, particularly regarding high numerical aperture (high NA) opportunities, which the firm believes will support further share price appreciation.

In other recent news, ASML Holding NV reported several significant developments. The company has been the focus of multiple analyst upgrades, reflecting a positive outlook on its earnings and revenue potential. Deutsche Bank raised its price target for ASML to EUR900, maintaining a Buy rating, citing improved sentiment around memory capital expenditure. Mizuho upgraded ASML’s stock rating to Outperform, with a new price target of EUR930, driven by strong demand for extreme ultraviolet (EUV) technology and projected earnings growth in the coming years. Morgan Stanley also upgraded ASML to Overweight, setting a price target of EUR950, highlighting the potential for earnings revisions and cyclical recovery by 2027. UBS reiterated its Buy rating with a EUR750 price target, acknowledging short-term challenges but expressing confidence in the company’s long-term story. Additionally, ASML announced a strategic partnership with Mistral AI, leading a €1.3 billion investment in the AI company. This collaboration is aimed at integrating AI applications across ASML’s operations to enhance its lithography systems.

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