ASML

Bernstein upgraded ASML to Outperform from Market Perform with a price target of $1,528, up from $935. The firm also named ASML its top pick in European semiconductors for 2026. The company will benefit from the upcoming DRAM "super cycle," the analyst tells investors in a research note. The firm says the top three DRAM makers are adding greenfield capacity in 2026 and accelerating the node migration, which is "great" for ASML. Bernstein believes 2026 and 2027 will be "big years" for extreme ultraviolet and for ASML.

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Aletheia Capital analyst Warren Lau double upgraded ASML to Buy from Sell with a Street-high price target of $1,500, up from $750. The firm increased its fiscal 2026 and 2027 earnings estimates "significantly" to reflect ASML's investment expansions and capacity upgrades. Stronger extreme ultraviolet lithography demand from DRAM suppliers, "resilient" deep ultraviolet orders from China a potential surge in TSMC demand in fiscal 2027 will drive upside to estimates, the analyst tells investors in a research note.

Cantor Fitzgerald raised the firm's price target on ASML to EUR 1,300 from EUR 1,150 and keeps an Overweight rating on the shares. The SOX is positioned to lead markets higher after outperforming the S&P by roughly 30 points in CY25, supported by the early stages of the AI era driving demand across compute, networking, memory, and equipment, the analyst tells investors in a research note. While cyclical factors may create mixed signals, the macro backdrop and expected exponential growth in AI infrastructure spending support a long position in the SOX and overweight exposure to AI-related plays into CY26, the firm says.

Citi raised the firm's price target on ASML to $1,200 from $1,050 and keeps a Buy rating on the shares.

Citi analyst Andrew Gardiner raised the firm's price target on ASML to EUR 1,200 from EUR 1,050 and keeps a Buy rating on the shares as part of a 2026 outlook for the European semiconductor equipment group. Citi believes artificial intelligence-driven demand will bring "healthy" growth and positive estimate revision momentum.