ASML Holding NV (0QB8 – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Didier Scemama from Bank of America Securities maintained a Buy rating on the stock and has a €859.00 price target.
Didier Scemama has given his Buy rating due to a combination of factors including ASML Holding NV’s strong customer base and financial metrics. The company has a diverse customer concentration, with four major clients each contributing significantly to its sales, indicating a stable revenue stream. Notably, ASML’s largest customer, likely TSMC, accounted for a substantial portion of sales, although this share has decreased, suggesting a more balanced customer distribution.
Additionally, ASML’s financial health is underscored by its increased contract liabilities and performance obligations, which reflect strong future revenue prospects. Despite facing risks related to export controls, particularly concerning China, the company’s strategic plans and incentive structures are aligned with maintaining its market leadership. These factors, combined with a solid revenue guidance for the coming year, support Scemama’s positive outlook and Buy recommendation for ASML’s stock.
In another report released today, Citi also maintained a Buy rating on the stock with a €930.00 price target.