ASML Shares Surge as Analysts Boost Price Targets

The Dutch semiconductor equipment manufacturer ASML is generating significant excitement on Wall Street. A wave of analyst upgrades swept through in November, with a dozen prominent investment banks raising their forecasts. Deutsche Bank increased its target from €900 to €1,050, while Berenberg set an even more ambitious target of €1,100. What is driving this sudden wave of confidence, and can the stock, already up 45% year-to-date, possibly justify these higher valuations?

Beyond its operational performance, a strategic move by ASML is drawing significant interest. In a landmark deal for a semiconductor equipment maker, the company invested €1.3 billion in the French AI firm Mistral AI during September. With an approximate 11% stake, ASML is now the largest Read more...