ASML Holding: From Bullish Momentum To Balanced Outlook

HUNG CHIN LIU/iStock via Getty Images Thesis In my previous article about ASML Holding N.V. (NASDAQ:ASML), I rated the stock as a "strong buy" citing that my estimated upside for the stock ranged from 16.8% to 21.5%, which means a present fair price per share ranging from $984.44 to $1,124.65. In Q1 2024 earnings, ASML reported earnings of €3.11 per share, which topped estimates. However, revenue came out at €5.3B, which indicates a 20% Y/Y slip in sales. This caused the stock to sink by 11%, which complete ...