20 Best Fast Growth Stocks to Invest In

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7. ASML Holding N.V. (NASDAQ:ASML)

Quarterly Revenue Growth: 41.91%

Number of Hedge Fund Holders: 80

ASML Holding N.V. (NASDAQ:ASML) ranks among the 20 best fast growth stocks to invest in. On July 1, Bank of America reduced its price target for ASML Holding N.V. (NASDAQ:ASML) from €795 to €759. The firm cited several threats to the market for Foundry and Logic, especially in 2026. Nonetheless, the firm maintained its Buy rating for the stock, stating that the 19.6 times projected 2026 EV/EBITDA value remains attractive.

BofA highlighted many downside risks by reducing its calendar year 2026 and 2027 EPS estimates by 4% to 5%. These are include “slightly lower China revenues,” “lower high-NA revenues in 26E (4 units down from 8),” and “uncertainty surrounding demand from key chipmakers.”

Long-term, BofA remains optimistic despite the diminished projections for 2026. Citing “AI chip demand increasing from $253bn this year (35% of global chip demand) to $794bn in 2030,” the firm stated that even with export limits, ASML’s earnings potential in 2030 would still be €40, with upside to €50 per share.

A key player in the semiconductor sector, ASML Holding N.V. (NASDAQ:ASML) specializes in lithographic systems, which employ light to etch intricate designs on silicon wafers, a crucial stage in the production of chips.

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