Aug. 4 at 8:52 PM
ASML shares rose during afternoon trading after receiving two major analyst endorsements that renewed investor confidence following the stock’s recent pullback. Goldman Sachs added the Dutch chip-equipment maker to its European Conviction List, while Bernstein named ASML its top pick for Q3 2026, citing strong long-term demand driven by AI-related semiconductor investment.
Goldman expects stronger earnings and margin expansion through 2029, pointing to robust order visibility across both logic and DRAM customers, with EPS forecasts 5%-18% above consensus. The firm also sees operating margins rising from about 41% in 2026 to nearly 50% by 2029, supported by pricing power, a richer product mix, and operating leverage. Bernstein reiterated its Outperform rating and €2,500 price target, arguing ASML remains one of the biggest beneficiaries of the global AI chip cycle.
$ASML $GS