(CercleFinance.com) – Oddo BHF reiterates its ‘outperformance’ opinion on ASML, as well as its 2024/30 forecast sequence and its price target of 1,100 euros, i.e. a 12-month potential of 20% for the stock. Dutch equipment manufacturer for the semiconductor industry.
‘Despite the very good performance of the stock over the year (+34%), there is still upside,’ points out the analyst, noting that if the valuation may seem high with a PE of 50 times for 2024, it comes out to 30 times for 2025 and 27 times for 2026 due to expected growth.
As quarterly results approach on April 17, Oddo BHF expects a fairly weak first quarter, in line with guidance, but believes that the market’s attention will focus on orders for the period, which it anticipates will be higher than expected. .
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