Analysts Turn Bullish on ASML With Price Target Raised to $1,500

ASML Holding N.V. (NASDAQ:ASML) is one of the AI Stocks Making Waves on Wall Street. On January 3^rd, Aletheia Capital analyst Warren Lau raised his rating on ASML to Buy from Sell and raised his price target to $1,500 from $750.

The double upgrade is a reflection of potential upside from surging EUV demand, DRAM and China DUV orders, and expansion potential from TSM.

“We upgrade ASML to Buy with a revised target price of €1,250/$1,500 ADR on 30x FY27E PER from Sell (TP: €640/$750) as we raised FY26E/27E EPS estimates significantly to factor in a new wave of investment expansions and capacity upgrades.”

Firm analyst see upside for ASML due to stronger EUV demand from DRAM suppliers, robust DUV orders from China in FY26E, and also a likely surge in TSMC demand in FY27E.

They believe that TSM alone can install 40-45 EUV tools because it may expand advanced capacity by 40-50% in 2027E. This could potentially lift total EUV units to 75-80, which is near ASML’s full capacity.

The firm further forecast ASML’s Low-NA EUV revenue to increase by one-third in fiscal year 2026, accelerating by 50-60% in fiscal year 2027. This increase will likely be driven by higher volumes and an improved product mix.

“Hence, we forecast ASML’s overall sales growth in the mid-teens for FY26E, accelerating to the mid-twenties in FY27E—both are well ahead of its guidance and consensus forecasts.”

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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