Movement Alert|ASML Rises 3.23% in Regular Trading, Degroof Petercam Upgrades Rating to Buy with 58% Target Price Hike

Market Focus
Jun 30

On June 30, ASML rose 3.23% in regular trading, trading at approximately $1,952.46/share, with turnover of $610 million.

On the news front, Degroof Petercam upgraded ASML from Hold to Buy, raising its target price from €1,325 to €2,100, a 58% increase reflecting strong institutional conviction in the company's medium-to-long-term growth trajectory. On the same day, Barclays also raised its target price on ASML from €1,900 to €2,000. The core thesis behind the concentrated upgrades from multiple institutions centers on massive capacity expansion plans from global memory chip giants, combined with sustained robust demand from artificial intelligence and high-performance computing chips, which directly boosts long-term order expectations for ASML's EUV/DUV lithography systems and other core equipment.

Within the Semiconductor Equipment sector, the broader group traded higher in tandem. Among individual stocks, KLA-Tencor up 4.96%, Lam Research up 4.37%, Applied Materials up 3.32%, Teradyne up 1.35%, Enphase Energy up 1.19%.

(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.)

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