ASML Maintains Bullish Ratings from Wall Street, $2,623 Target Price on July 16

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According to BlockBeats, ASML maintained bullish ratings from multiple Wall Street institutions after reporting strong earnings and raising guidance on July 16. Bernstein kept an Outperform rating with a $2,623 price target, citing robust order momentum and customer demand, particularly from advanced logic chips for AI accelerators and HBM, as well as leading-edge foundry capacity expansions. Other firms including Jefferies, UBS, Citi, and Cantor also offered positive assessments. Several analysts noted that ASML's current production capacity planning remains conservative, suggesting future orders and revenue guidance have upside potential if TSMC, Samsung, Intel, and memory manufacturers continue pre-securing capacity for 2027–2028 AI demand.
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