Deutsche Bank Raises ASML Holding (ASML) Price Target to EUR1,000 After Strong Q3 and Bullish Outlook

Core Insights - ASML Holding N.V. is recognized for its strong earnings growth potential over the next five years, with Deutsche Bank maintaining a Buy rating and increasing the price target from EUR900 to EUR1,000 [1] Group 1: Financial Performance - ASML reported third-quarter bookings of EUR5.4 billion, surpassing the consensus estimate of EUR4.9 billion, driven by EUV technology for DRAM memory chips [2] - The company has upgraded its forecast for 2026, now expecting 54 units of low NA EUV to ship, an increase from the previous estimate of 46 units for 2025, reflecting improved confidence despite earlier concerns about a decline in its China business [3] Group 2: Company Overview - ASML Holding N.V. is a Dutch multinational that designs, manufactures, and sells advanced equipment systems, primarily lithography machines, crucial for semiconductor chip production used in modern electronic devices [4]