ASML Holding N.V.

(NASDAQ Global Select)
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Bullish +75

Bernstein Raises its Price Target on ASML Holding (ASML)

AI-generated analysis

📈 Bernstein analyst David Dai raised the price target on ASML to $2,623 from $1,971 and maintained an Outperform rating.

🚀 Bernstein is materially increasing top-line forecasts due to unprecedented AI-driven expansion in advanced logic and DRAM capacity.

📅 EUV shipment forecasts were updated to 91 systems for 2027 and 113 systems for 2028.

💰 Morgan Stanley analyst Lee Simpson raised the price target on ASML to EUR 1,830 from EUR 1,660 with an Overweight rating.

📊 Susquehanna raised its price target to EUR 2,350 from EUR 1,475 and kept a Positive rating.

📦 Channel checks suggest the SCE backlog now extends beyond one year.

💵 WFE is expected to reach as high as $300 billion according to Susquehanna's updated model.

🔮 Susquehanna introduced 2028 projections based on a WFE of $250 billion.

📈 Estimates for 2026 and 2027 are being raised by Susquehanna following the backlog update.

Bullish Signals
  • Bernstein raised its price target to $2,623 from $1,971, indicating strong analyst confidence in ASML's valuation.
  • Unprecedented AI-driven expansion in advanced logic and DRAM capacity is driving materially increased top-line forecasts.
  • EUV shipment forecasts were significantly updated to 91 systems in 2027 and 113 in 2028, showing robust demand growth.
  • Morgan Stanley raised its price target to EUR 1,830 from EUR 1,660 while maintaining an Overweight rating.
  • Susquehanna raised its price target to EUR 2,350 from EUR 1,475 with a Positive rating on the shares.
  • Channel checks indicate the SCE backlog now extends beyond one year, signaling sustained order book strength.
  • Wafer Front-End (WFE) demand is expected to reach as high as $300 billion, highlighting massive market opportunity.
  • Susquehanna introduced new 2028 projections based on a WFE of $250 billion, extending the growth outlook.
Full Analysis
On July 6, 2026, Bernstein analyst David Dai raised his price target for ASML Holding N.V. (NASDAQ:ASML) to $2,623 from $1,971 while maintaining an Outperform rating. The firm is materially increasing its top-line forecasts driven by unprecedented AI expansion in advanced logic and DRAM capacity. Specifically, Bernstein updated its EUV shipment forecasts to 91 systems for 2027 and 113 for 2028, anticipating a significant expansion of ASML's EUV capacity. Following this, on July 8, Morgan Stanley analyst Lee Simpson raised the price target on ASML to EUR 1,830 from EUR 1,660, keeping an Overweight rating. Earlier, on June 30, Susquehanna raised its target to EUR 2,350 from EUR 1,475 with a Positive rating. Susquehanna's model update followed channel checks indicating the SCE backlog now extends beyond one year, with Wafer Front-End (WFE) expected to reach as high as $300 billion. Susquehanna is raising its estimates for 2026 and 2027 and introducing projections for 2028 based on a WFE of $250 billion. The article notes that ASML provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems. While acknowledging investment risks, the consensus among these major analysts reflects strong bullish sentiment regarding ASML's future growth trajectory in the semiconductor sector.