ASML Holding Stock Has 23% Upside, According to 1 Wall Street Analyst

Growing chip demand is a long-term catalyst that could lift the stock to new highs.Share prices of ASML (ASML 2.74%) have surged to new highs this year, as the growth outlook for the semiconductor industry improves. JPMorgan analyst Sandeep Deshpande maintained an overweight (buy) rating on the stock with a $1,200 price target. That suggests a nearly 23% price gain over the next 12 months from the current share price of $979.Several chip companies have recently reported improving growth with solid near-term ...