Is ASML Stock Going to $848? 1 Wall Street Analyst Thinks So.

Group 1 - ASML is considered an attractive investment opportunity in the tech sector, with a bullish recommendation and ambitious price target from analyst Jakob Bluestone [1] - ASML specializes in precision lithography machines for chipmaking and is the sole provider of these devices globally, serving major clients like Taiwan Semiconductor Manufacturing [2] - Bluestone projects ASML's revenue for 2030 to be 6% higher than current analyst consensus estimates, with potential for the stock price to double within four years if the price-to-earnings ratio remains at 25 [3] Group 2 - ASML recently faced a decline in investor confidence due to a significant reduction in its 2025 net sales guidance, now expecting 30 billion euros ($31.5 billion) to 35 billion euros ($36.8 billion) compared to the previous guidance of 30 billion euros to 40 billion euros ($42 billion) [4] - The market's concerns are viewed as short-term headwinds, while long-term demand for essential chipmaking equipment is expected to grow, particularly with the rise of artificial intelligence [5]