Stock Track | ASML Soars 5.01% Intraday on Multiple Analyst Upgrades Citing AI Demand and Chip Capacity Expansion

Stock Track
Jun 30

ASML Holding NV's stock soared 5.01% during intraday trading on Tuesday, significantly outperforming the broader market.

The surge follows a series of bullish analyst actions. Susquehanna raised its price target on ASML to EUR 2,350 from EUR 1,475, maintaining a Positive rating. More substantially, Degroof Petercam upgraded ASML from Hold to Buy, hiking its target price by 58% from €1,325 to €2,100. Barclays also increased its target price from €1,900 to €2,000 on the same day.

Analysts cited massive capacity expansion plans from global memory chip giants and sustained robust demand from artificial intelligence and high-performance computing chips as the core drivers. This demand directly boosts long-term order expectations for ASML's advanced EUV and DUV lithography systems, which are critical for semiconductor manufacturing.

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