ASML's stock hits another record high after analyst upgrade

Dow Jones
Jan 05

MW ASML's stock hits another record high after analyst upgrade

By Steve Goldstein

ASML's stock tapped a new high on Monday.

ASML shares rallied on Monday to make the stock one of the strongest-performing members of the Nasdaq 100 after an analyst upgrade due to demand from memory-chip producers.

Shares of the Dutch microchip-equipment maker $(ASML)$ (NL:ASML) rallied 5% in early New York trading as the stock set another all-time high. The stock is up 59% over the last 52 weeks.

Analysts at Bernstein Research led by David Dai lifted ASML to outperform from market perform and raised their price target to $1,528.00 (EUR1,300) from $935.

According to FactSet, the average analyst target price is $1,240.

"While many believe ASML's growth will be primarily driven by logic, we think the upside from DRAM is significantly underestimated," the analysts said, pointing to rising demand for memory from artificial-intelligence servers, which has led Samsung Electronics (KR:005930), SK Hynix (KR:000660) and Micron $(MU)$ to increase capital spending.

"Previously, capacity was constrained by clean room space, but this limitation is being addressed through the acceleration of new clean rooms and the re-purposing of existing ones," they added.

-Steve Goldstein

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January 05, 2026 10:20 ET (15:20 GMT)

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