Core Insights - ASML Holding N.V. has received a price target increase to EUR1,000.00 from EUR755.00 by Evercore ISI analyst C.J. Muse, maintaining an Outperform rating following a quarterly earnings beat and raised outlook [1][4] Group 1: Financial Performance - ASML reported an order intake of EUR5.4 billion, exceeding consensus estimates by 650 basis points [3] - The company experienced a 57% quarter-over-quarter growth in EUV orders and a 186% surge in memory orders, indicating a recovery in memory spending [3] - The overall backlog at the end of the September 2025 quarter was over EUR35.2 billion [4] Group 2: Market Outlook - ASML anticipates flat-to-up revenue for 2026, driven by AI-driven demand for EUV systems, although this growth may be offset by a decline in revenues from China [2][4] - The company remains optimistic about AI tailwinds sustaining and driving upside surprises in leading-edge spending [4]
ASML Earnings Beat and Raised Outlook Spark Bullish Analyst Calls