Goldman Sachs Reiterates Buy on ASML (ASML) with EUR935 Price Target

ASML Holding N.V. (NASDAQ:ASML) is one of the AI Stocks Every Investor Should Watch. On October 9, Goldman Sachs reiterated its Buy rating on the stock with a price target of EUR935.00. The firm believes ASML is a “clear beneficiary of improved leading-edge Logic/Memory demand from AI.”

Data from the Europe Semicap tracker demonstrates improvement in most key areas. Moreover, a constructive spending outlook for Memory and leading-edge Foundry in the US has led to an increase in growth expectations for Wafer Fab Equipment in 2025/2026.

Despite the stock’s recent rally, the firm sees room for further upside for the stock.

“Further, we view current expectations for 2026 for ASML as achievable, in the context of a more positive spending backdrop and note that an order cadence of only €2bn per quarter is required in coming quarters to reach the current Visible Alpha Consensus Data estimate for systems revenue. While we continue to see limited visibility around a recovery in demand for mature nodes, we note inventories have bottomed out in this area. While the ASML stock price has rallied around c.30% in the last month we see room for further upside, and see further scope for a valuation re-rating given WFE share gains into 2027/28 as EUV layers start to grow again (and given a potentially improving customer backdrop).”

ASML Holding N.V. (NASDAQ:ASML) develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing.

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