Core Viewpoint - ASML Holding N.V. has received a significant upgrade in rating and price target due to anticipated growth driven by increased demand for EUV technology and expansion opportunities with TSMC [1][2]. Group 1: Rating and Price Target Changes - Aletheia Capital analyst Warren Lau upgraded ASML's rating from Sell to Buy and raised the price target from $750 to $1,500 [1]. - The revised target price is based on a 30x FY27E PER, reflecting a strong outlook for the company [2]. Group 2: Demand and Revenue Forecasts - Analysts expect a surge in EUV demand from DRAM suppliers and robust DUV orders from China, particularly in FY26E [2]. - TSMC is projected to install 40-45 EUV tools, potentially increasing total EUV units to 75-80, nearing ASML's full capacity [3]. - ASML's Low-NA EUV revenue is forecasted to grow by one-third in FY26 and accelerate by 50-60% in FY27, driven by higher volumes and an improved product mix [3]. Group 3: Sales Growth Projections - Overall sales growth for ASML is anticipated to be in the mid-teens for FY26E, accelerating to the mid-twenties in FY27E, which exceeds both company guidance and consensus forecasts [4].