Bernstein and RBC Capital Raise ASML Price Targets

Core Viewpoint - ASML Holding NV is experiencing significant growth driven by strong demand in the AI sector, leading to increased price targets from analysts following impressive quarterly results. Group 1: Analyst Ratings and Price Targets - Bernstein analyst David Dai raised the price target on ASML from $1,642 to $1,911 while maintaining an Outperform rating after the company reported strong fourth-quarter net bookings of EUR 13.2 billion, exceeding market expectations [1] - RBC Capital also maintained its Outperform rating and increased its price target from $1,550 to $1,625, citing record quarterly bookings of EUR 13.2 billion, which surpassed estimates of EUR 8 billion to EUR 10 billion [2] Group 2: Market Demand and Growth Projections - Strong demand driven by AI is supporting orders for DRAM and Advanced Logic, offsetting slower business in the Chinese market, with expectations of revenue growth at a double-digit pace into fiscal year 2027 [3] - Growth will be supported by tight DRAM supply, the adoption of more advanced nodes in AI processors, and renewed competition among foundries [3] Group 3: Company Overview - ASML Holding N.V. is a Dutch company that designs and develops advanced semiconductor equipment systems, including photolithography machines used for chip production [4]