ASML to Earn More from Its Machines Thanks to Higher Pricing, More Units
Dow Jones
Oct 06
1028 GMT - ASML Holding's revenue and earnings per share should grow more than previously thought thanks to higher pricing and growing units of its semiconductor-making machines, Bank of America analysts write in a research note. The Dutch group's finance chief in July alluded to the possibility of price increases. The company is also seeking to increase production of its machines to meet growing demand from chip makers. Analysts raise their 2028 revenue forecasts for ASML to 76.5 billion euros from 70.4 billion euros, and EPS projections to 85.2 euros from 75.4 euros. They reiterate a buy rating on the stock, but raise their price objective to 2,557 euros from 2,452 euros. ASML shares trade 0.7% higher at 1,668.40 euros.
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