Deutsche Bank Raises ASML Holding (ASML) Price Target to EUR1,000 After Strong Q3 and Bullish Outlook

ASML Holding N.V. (NASDAQ:ASML) ranks among the stocks with the best earnings growth for the next 5 years. Deutsche Bank reaffirmed its Buy rating on ASML Holding N.V. (NASDAQ:ASML) after the company’s third-quarter results, while raising its price target from EUR900 to EUR1,000 on October 16.

The semiconductor equipment manufacturer reported third-quarter bookings of EUR5.4 billion, which exceeded the EUR4.9 billion consensus estimate. This success was driven by EUV technology for DRAM memory chips.

According to the bank, ASML Holding N.V. (NASDAQ:ASML) has upgraded its forecast for 2026 and no longer expects a fall in that year, despite the fact it had previously projected a “significant decline” in its China business. The more bullish 2026 estimate reflects greater confidence in low NA EUV volumes, with Deutsche Bank now estimating 54 units for 2026 vs 46 units expected to ship in 2025.

ASML Holding N.V. (NASDAQ:ASML) is a Dutch multinational company that designs, manufactures, and sells advanced equipment systems, primarily lithography machines, which are essential for the mass production of semiconductor chips used in all modern electronic devices.

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