Bank of America and Barclays increased price targets for ASML Holding N.V. on June 4. They cited a positive outlook for the company's Extreme Ultraviolet (EUV) lithography systems.
Analysts noted confidence in ASML's ability to expand EUV production capacity. They also observed strong demand visibility from customers extending into 2028.
Bank of America raised its price target to €1,921 from €1,710. Barclays increased its target to €1,900 from €1,575.
This bullish sentiment stems from expectations of increased EUV shipments. It also reflects higher average selling prices for new tool generations. Strong client demand, driven by AI and high-performance computing needs, further supports this outlook.