ASML Holding N.V. (NASDAQ:ASML) is one of the AI Stocks in the Spotlight This Week. On October 16, Evercore ISI analyst C.J. Muse raised the price target on the stock to EUR1,000.00 (from EUR755.00) while maintaining an Outperform rating. The rating affirmation follows ASML’s quarterly earnings beat and raised outlook.
ASML provided robust extreme ultraviolet (EUV) lithography bookings and also provided a positive outlook for 2026. It anticipates 2026 revenue to be flat-to-up, supported by AI-driven demand for EUV systems. This strength is, in turn, expected to be offset by a decline in China’s revenues.
The company reported an order intake of EUR5.4 billion, topping consensus estimates by 650 basis points. EUV orders grew 57% quarter-over-quarter. Meanwhile, memory orders surged 186% quarter-over-quarter, indicating a recovery in memory spending.
The September 2025 quarter ended with over EUR35.2 billion in overall backlog. Overall, the firm remains a buyer of the stock following the beat & raise, anticipating AI tailwinds will sustain and continue to drive upside surprises in leading-edge spending. Meanwhile, China headwinds for the group and ASML are “largely baked in.”
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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