(CercleFinance.com) – Credit Suisse reaffirms its ‘outperformance’ opinion on ASML and raises its price target from 945 to 960 euros, the day after the quarterly results of the Dutch equipment manufacturer for the semiconductor industry.
The broker leaves the analyst meeting which followed the publication ‘with the vision that short-term demand remains strong and that a record order book reinforces confidence that ASML will meet consensus expectations in 2023’.
Credit Suisse cuts its 2022 EPS estimate by 3%, but raises those for 2023-25 and 3-16%: it now expects ASML’s EPS to nearly quadruple in 2025 and sextuple in 2030, compared to at 2020 levels.
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