Bank of America Securities analyst Didier Scemama maintained a Buy rating on ASML Holding NV (0QB8 – Research Report) today and set a price target of €759.00.
Didier Scemama has given his Buy rating due to a combination of factors that highlight ASML Holding NV’s strong market position and financial outlook. The company has demonstrated significant pricing power, allowing it to manage tariff-related costs effectively by passing them onto customers. This is particularly relevant given the potential for tariffs on parts imported into the US for ASML’s manufacturing processes. Additionally, ASML’s valuation appears attractive, with a price objective set at €759, supported by a favorable EV/EBITDA ratio compared to historical medians.
ASML’s robust order book further supports the Buy rating, as the company is nearly fully booked for its 2025 EUV and DUV guidance, indicating confidence in meeting revenue targets. The company also anticipates a strong start to 2026, although full-year projections remain challenging to quantify at this stage. Moreover, ASML’s advancements in lithography intensity and average selling prices (ASPs) suggest potential for future growth, while the company’s exposure to China is somewhat mitigated by the limited impact of potential export bans.
According to TipRanks, Scemama is an analyst with an average return of -7.1% and a 31.65% success rate. Scemama covers the Technology sector, focusing on stocks such as Logitech, STMicroelectronics, and ASML Holding.
In another report released on April 17, Barclays also maintained a Buy rating on the stock with a €770.00 price target.