(CercleFinance.com) – The analyst organized a meeting yesterday with Roger Dassen, CFO, and Marcel Kemp, Director of Investor Relations.
‘ We came away with the view that ASML remains on track to meet 2022 expectations. We also came away with increased confidence in ASML’s structural outlook and its potential to positively surprise with its 2025 outlook. 30 ‘.
‘Our 2025/30 revenue forecast is 11%/21% higher than the VA consensus, while our EPS forecast is 15%/25% higher’.
Credit Suisse reiterates its outperformance option with a target of 960 E.
The analyst believes that near-term demand and orders remain strong and, barring significant disruption to logistics and supply chain, management remains confident that the outlook for 2022 will be realized.
‘ Regarding the backlog, ASML is already in discussions with its customers to pass on price increases due to inflation and expects some cost increases to be passed on this year and more next year. next ‘.
Credit Suisse expects the outlook for the 25/30 financial year to be raised. ‘Risks include a slowdown in demand for semiconductors or ASML tools’.
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