HomeMarketASML price target lowered to $767 from $815 at Bernstein

ASML price target lowered to 7 from 5 at Bernstein

ASML price target lowered to $767 from $815 at Bernstein

November 30, 2024

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https://www.tipranks.com/news/the-fly/asml-price-target-lowered-to-767-from-815-at-bernstein

Bernstein lowered the firm’s price target on ASML (ASML) to $767 from $815 and keeps an Outperform rating on the shares. The firm took down its 2025 wafer fab equipment estimate to $107B, down 1% year-over-year, from $115B, and 2026 spending estimate to $116B from $122B. The WFE cut reflects lower China spending given potential U.S. restrictions and a weaker outlook on NAND and logic, the analyst tells investors in a research note. Bernstein updated its models to reflect the new WFE forecasts.

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