Goldman Sachs Updates ASML Holding NV (ASML) Estimates

ASML Holding NV (NASDAQ:ASML) is among the best 52-week high US stocks to buy. On April 16, Goldman Sachs increased its price target on ASML Holding NV (NASDAQ:ASML) to €1,570 from €1,450 while reiterating a Buy rating on the stock. For this action, Goldman Sachs pointed to the company’s strong Q1 2026 results and upbeat full-year 2026 outlook.

Goldman Sachs Updates ASML Holding NV (ASML) Estimates

ASML released its Q1 results on April 15. The report showed net sales were €8.77 billion, above the consensus estimate of €8.5 billion. Net income of €2.76 billion also surpassed the consensus expectation of €2.54 billion.

The company boosted its full-year 2026 net sales projection to a range of €36 billion to €40 billion. The prior forecast called for net sales of €34 billion to €39 billion. ASML expects its 2026 gross margin to be between 51% and 53%. ASML supplies machines used for producing chips, including advanced chips for AI workloads.

In light of ASML’s Q1 results and 2026 guidance, Goldman Sachs raised its 2026-2030 revenue estimates for the company by 6% to 10%. Moreover, the investment bank boosted its gross profit estimates for ASML for the 2026-2030 period by 6% to 10%.

According to Goldman Sachs, ASML stands to benefit from continued strong demand for advanced chips and memory to power AI systems and other high-performance computing needs.

ASML Holding NV (NASDAQ:ASML) is a Dutch company that provides machines for manufacturing semiconductor chips. It supplies these machines to the world’s leading chipmakers like Intel, TSM, and Samsung. ASML’s manufacturing technology makes it possible to produce smaller chips at a faster rate and more efficiently.

While we acknowledge the risk and potential of ASML as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ASML and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 9 Must-Buy Penny Stocks to Invest In Now and 10 Best AI Stocks to Buy Under $25.

Disclosure: None. Follow Insider Monkey on Google News.