Bernstein raised the firm’s price target on ASML (ASML) to $887 from $767 and keeps an Outperform rating on the shares. While ASML’s Q4 and 2024 results are expected to come in mostly in line with guidance from 15 months ago, investors are likely to be far more interested in what lies ahead for 2025 and beyond, with the spotlight on bookings and guidance, the firm says. Bernstein expects solid Q4 and FY24 revenue, driven by strong EUV growth and persisting China demand.
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