Berenberg Lifts ASML Holding (ASML) PT to 1,050 on Strong Q3 and DRAM Growth Outlook

ASML Holding (NASDAQ:ASML) is one of the best NASDAQ growth stocks to buy for the next 5 years. On October 16, Berenberg raised the firm’s price target on ASML Holding to EUR 1,050 from EUR 735 with a Buy rating on the shares as ASML Holding’s Q3 2025 results confirmed the recent positive trend in the semiconductor equipment industry. Berenberg believes that the company is positioned to benefit from DRAM spend growth in 2026 and beyond.

On the same day, Deutsche Bank also lifted the firm’s price target on the company to EUR 1,000 from EUR 900 with a Buy rating on the shares. This sentiment was also driven by ASML Holding’s Q3 results. ASML’s bookings for Q3 were largely in line, and extreme ultraviolet/EUV lithography system orders were at their highest levels since Q4 2023.

Morgan Stanley also raised the firm’s price target the same day on ASML to EUR 975 from EUR 950 with an Overweight rating on the shares following its Q3 earnings report.

ASML Holding (NASDAQ:ASML) 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.