Based on the analysis, ASML is expected to reach $745 next week. The bullish momentum from AI growth and ETF inclusion, combined with approaching resistance levels, suggests a BUY recommendation.
The price of ASML is predicted to go up 2.03%, based on the high correlation periods with TAC. The similarity of these two price pattern on the periods is 91.86%.
ASML
TAC
Year
ASML Price Forecast($)
Potential Return(%)
2025
800.000
11.990
2026
1,050.000
48.080
2027
1,200.000
69.230
2028
1,200.000
69.230
2029
1,200.000
69.230
2030
1,200.000
69.230
ASML's machines last more than 30 years, providing recurring service revenue. The switching costs and intangible assets required to displace these machines are enormous, with no competitor coming even close to ASML's technological leadership
As lithography machines get more complex, switching costs and service revenue potential strengthen. ASML has potential to improve gross margins in the next decade.
We expect ASML to outpace the growth of the overall semiconductor market, thanks to its strong competitive position. We expect low-double-digit annual revenue growth in the next decade.
Bernstein
2024-11-29
Price Target
$815 → $767
Upside
+11.71%
Bernstein
2024-10-21
Price Target
$1,052 → $815
Upside
+14.13%
Wells Fargo
2024-10-17
Price Target
$1,000 → $790
Upside
+12.78%