ASML Holding N.V. (ASML) Price Target Raised by Jefferies on Strong Semiconductor Outlook - Yahoo Finance

On July 2, 2026, Jefferies raised its price target for ASML Holding N.V. (ASML) to €1,560 from €1,260, maintaining a 'Buy' rating. The increase is based on forecasts of a 36x P/E ratio and 28x enterpr... Read original →

Jefferies’ target hike for ASML reflects not just stronger EUV demand visibility but the semiconductor industry’s shift to 'equipment-led' scaling. Technologically, deeper EUV adoption below 3nm forces co-evolution across materials, metrology, and EDA—increasing supply chain fragility, especially for Taiwan, China and Hong Kong, China vendors reliant on ASML’s inspection ecosystem. Tighter U.S. export controls could constrain non-EUV shipments to China, yet ASML’s near-monopoly buffers margin pressure. Nikon and Canon remain irrelevant in high-NA EUV, but Tokyo Electron may counter via advanced packaging tools. Over the next 18 months, ASML’s critical bottleneck isn’t orders—it’s whether its production ramp can match TSMC, Samsung, and Intel’s aggressive capacity timelines. Any slippage risks cascading delays in leading-edge chip output, triggering a negative long-tail ripple across AI and HPC markets.