November 26, 2025 05:00 AM GMT ASML Holding NV | Europe Riding the DRAM Wave into a Bright FY26; Move to Top Pick | What's Changed | | | | --- | --- | --- | | ASML Holding NV (ASML.AS) | From | To | | Price Target | €975.00 | €1,000.00 | | Top Pick Added | CDNS.O | ASML.AS | As we exit the Q3 reporting season, we see positive momentum for litho demand at ASML over FY26/27. DRAM spend is strong, as is the spend in foundry. DUV is slowing, but margins may still be fine in FY26. We raise our PT to €1,000, movi ...