On July 14, ASML rose 3.42% in pre-market trading, trading at approximately $1792.86/share, with turnover of $48.97 million.

On the news front, RBC Capital Markets raised its price target on ASML from $1700 to $2000, maintaining an Outperform rating. RBC highlighted that EUV demand remains robust, driven by generative AI investment, tight DRAM supply, and intensifying competition among leading-edge foundry customers, with supply tightness likely to persist for two to three years. The brokerage also raised its 2027 EUV shipment forecast to approximately 90 low-NA systems from a prior estimate of over 80 units, expecting demand to exceed 90 units in both 2027 and 2028.

The broader semiconductor equipment sector rallied in tandem, with Applied Materials up 7.02%, Lam Research up 6.84%, KLA-Tencor up 6.64%, and Teradyne up 6.12%. ASML is scheduled to report Q2 earnings on July 15 before market open, with consensus expecting revenue of approximately 88.3 billion euros. Multiple institutions anticipate the company may raise full-year sales guidance for the second time this year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)