Arete Upgrades ASML to Buy with €879 PT, Cites Strong Bookings, Robust Backlog

Group 1 - ASML Holding has been upgraded to a Buy rating by Arete analyst Jim Fontanelli, with a price target of €879, ahead of its FQ3 2025 earnings report [1][3] - For FQ2 2025, ASML reported total net sales of €7.7 billion, with net system sales of €5.6 billion, including €2.7 billion from EUV systems and €2.9 billion from non-EUV systems [2] - The company's net income for FQ2 2025 was €2.3 billion, representing 29.8% of total net sales, resulting in an EPS of €5.90 [2] Group 2 - ASML's net system bookings for the quarter totaled €5.5 billion, with €2.3 billion from EUV and €3.2 billion from non-EUV systems [3] - The company's backlog is robust at approximately €33 billion, indicating strong future demand [3] - ASML reported €7.2 billion in cash, cash equivalents, and short-term investments, and repurchased around €1.4 billion worth of shares as part of its share buyback program [3]