ASML Holding N.V. (NASDAQ:ASML) is one of the AI Stocks Investors Are Watching Closely. On July 16, Bernstein lowered the firm’s price target on the stock to $743 from $806 and kept a “Market Perform” rating on the shares.
The analysts told investors in a research note that ASML has reported pretty strong Q2 results with revenue/margin and order beats. It also reiterated its 2025 guidance with 15% growth from last year.
However, closer inspection by the firm has revealed that orders are also not as strong as they seem. In particular, there has been a EUR1.4B backlog adjustment seen due to “customers’ response to export controls.”
ASML Holding N.V. develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing.
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