(CercleFinance.com) – Oddo maintains its outperformance rating on the ASML share with an unchanged price target of 600 euros.
While the group will hold its next CMD on November 11, Oddo believes that ASML will raise its 2025 objectives and could also give an optimistic vision for 2030.
‘An increase in the turnover target is certain, but ASML has no real interest in being much more aggressive than the consensus’ continues the broker.
While the title has lost 40% since the start of the year, the analyst office is ‘very positive’ on the long-term potential of the group, believing that ‘ASML remains a story of technological dominance and structural growth unmatched in the semiconductor industry’.
‘Until then, the group has guided on a TMVA of 11% by 2030, i.e. a turnover of around 40 MdsE. However, with a top down scenario, the hypothesis of a turnover significantly above 40 billion Euros in 2030 is credible’, concludes Oddo.
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