Citi analyst Andrew Gardiner has maintained their bullish stance on 0QB8 stock, giving a Buy rating on February 25.
Andrew Gardiner has given his Buy rating due to a combination of factors that suggest a positive outlook for ASML Holding NV. A key reason is the anticipated recovery in 2025/26, driven by a decline in customer concentration. The reduction in reliance on ASML’s top customers, which are presumed to be TSMC and Samsung, indicates a more diversified revenue stream. This diversification is expected to stabilize ASML’s financial performance and reduce risk associated with dependency on a few large clients.
Moreover, the significant decrease in shipments to Taiwan, primarily due to TSMC’s reduced spending after substantial investments in previous years, is expected to reverse. TSMC’s planned increase in capital expenditure for its new N2 node is projected to boost ASML’s revenue significantly in the coming years. This anticipated uptick in TSMC’s contribution, along with China’s growing presence in ASML’s customer base, supports a positive growth trajectory, justifying the Buy rating.
In another report released on February 25, Bernstein also maintained a Buy rating on the stock with a €850.00 price target.