ASML (ASML) Gets EUR700 Price Target From Deutsche Bank — Analysts Stick With ‘Buy’ Despite Headwinds

ASML Holding N.V. (NASDAQ:ASML) is one of the AI Stocks on Wall Street’s Radar. On July 17, Deutsche Bank analyst Robert Sanders lowered the price target on the stock to EUR700.00 (from EUR750.00) while maintaining a “Buy” rating. The price target reduction follows ASML narrowing its 2025 sales growth forecast to 15%. It now expects sales to grow roughly 32.50 billion euros ($37.71 billion).

The firm is particularly concerned about ASML’s lowered extreme ultraviolet (EUV) unit shipment forecast for 2025. The forecast was reduced from “below 50” low NA shipments to just 42 units, which suggests execution issues at key customers, Intel and Samsung.

It noted how Intel has bought a fleet of EUV equipment for its 18A technology ramp. However, it seems to be experiencing difficulties, particularly for external customers.

A street-level view of a large financial firm, symbolizing the strength of the company’s investments.

For Samsung, the firm’s analysis reveals that the company kept on investing despite the DRAM market being down. As a result, there is an excess of High-Bandwidth Memory (HBM) capacity, but it’s still waiting on Nvidia for approval.

ASML Holding N.V. (NASDAQ:ASML) develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing.

READ NEXT: 10 AI Stocks Gaining Attention on Wall Street and 10 AI Stocks Investors Are Watching Closely.

Disclosure: None.