ASML Holding NV (ASML) saw its stock price surge by 5.24% intraday, driven by positive analyst sentiment.
The rally followed RBC Capital's initiation of coverage on ASML with an Outperform rating and a $1,550 price target, signaling strong confidence in the company's growth prospects. This bullish outlook from a major financial institution has likely contributed to the heightened investor interest and buying activity in ASML shares.