On July 6, ASML rose 3.35% in regular trading, trading at $1,827.95/share, with turnover of $6.43 billion. The semiconductor equipment sector staged a collective rebound following a deep pullback earlier in the week, while multiple international investment banks simultaneously raised their target prices for the stock.
On the catalyst front, Bernstein raised its target price from 1,700 euros to 2,300 euros, Goldman Sachs lifted its target from 1,770 euros to 2,000 euros, UBS reaffirmed ASML as its top pick in European tech hardware with a 2,100-euro target, and Degroof Petercam upgraded from Hold to Buy with a 2,100-euro target. Additionally, SK Hynix disclosed plans to invest approximately 11.9 trillion Korean won to procure ASML EUV lithography systems, with delivery expected before December 2027. ASML remains the sole commercial supplier of EUV equipment, with next-generation units priced at approximately $400 million each.
Fundamentally, ASML previously raised its full-year revenue guidance, confirming sustained demand growth for advanced lithography equipment driven by AI chip manufacturing. Sector peers also gained, with Teradyne up 7.48%, AXT up 13.07%, Lam Research up 2.79%, and KLA up 2.66%.
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