Bernstein Reaffirms Hold Rating on ASML Holding, Keeps PT at 640

ASML Holding N.V. (NASDAQ:ASML) is one of the 12 Best Semiconductor Equipment Stocks to Buy Right Now. On August 26, Bernstein reaffirmed a Hold rating on ASML Holding N.V. (NASDAQ:ASML), keeping the price target at €640.

David Dai from Bernstein retains the rating on ASML, citing the company’s mixed guidance for 2026. During Q2 FY2025, the company posted revenue of $8.95 billion, exceeding estimates by $145 million, while the adjusted EPS of $6.86 surpassed consensus by $0.74. ASML continues to maintain its monopoly in state-of-the-art lithography systems, which indicates its dominant market position in advanced chipmaking equipment.

However, the company downgraded its 2026 outlook, which has raised concerns about its revenue growth prospects. ASML expects both revenue and profit growth to be lower in 2026 than in 2025. On the other hand, ASML expects net sales between €7.4 billion and €7.9 billion during Q3 FY2025, with a slightly lower gross margin of 50% to 52%. Dai retains a Hold rating considering these factors and the company’s potential concerns over EUV shipments.

ASML Holding N.V. (NASDAQ:ASML) is a leading designer and manufacturer of advanced semiconductor equipment. The company is the world’s largest supplier of advanced lithography systems and remains the sole provider of EUV lithography machines.

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Disclosure: None. This article is originally published at Insider Monkey.