Arete Upgrades ASML to Buy with 879 PT, Cites Strong Bookings, Robust Backlog

ASML Holding (NASDAQ:ASML) is one of the stocks to invest in before they split next. On September 12, Arete analyst Jim Fontanelli upgraded ASML to Buy from Neutral with an EUR 879 price target. This announcement came prior to the company’s FQ3 2025 earnings report.

Earlier, for its FQ2 2025 financial results, ASML reported total net sales of €7.7 billion. Net system sales were €5.6 billion, which included €2.7 billion from EUV and €2.9 billion from non-EUV systems. Sales from Installed Base Management were €2.1 billion. Net income reached €2.3 billion, or 29.8% of total net sales, which resulted in an EPS of €5.90.

The company’s net system bookings for the quarter totaled €5.5 billion, with €2.3 billion from EUV and €3.2 billion from non-EUV systems. ASML’s backlog remains robust at ~€33 billion. The company also reported €7.2 billion in cash, cash equivalents, and short-term investments. In FQ2, ASML repurchased ~€1.4 billion worth of shares as part of its 2022-2025 share buyback program.

ASML Holding (NASDAQ:ASML) is a tech company that provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems.

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