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ASML price target lowered to $840 from $860 at Wells Fargo

Wells Fargo lowered the firm’s price target on ASML (ASML) to $840 from $860 and keeps an Overweight rating on the shares. While ASML reiterated its 2025 guide and views for 2026 revenue growth, tariff uncertainty remains a key unknown variable with risk of demand destruction. Bookings activity/forward visibility will remain a key driver of shares, Wells adds.

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