Bernstein Raises its Price Target on ASML Holding (ASML) - Yahoo Finance

In July 2026, several major investment banks raised their price targets on ASML Holding N.V. (NASDAQ:ASML), reflecting growing optimism about the semiconductor demand driven by AI. Bernstein analyst D... Read original →

The surge in ASML’s price targets stems not merely from AI-driven chip demand but from an irreversible shift in lithography technology. As the industry transitions from conventional EUV to High-NA systems, capital intensity for advanced DRAM and logic nodes spikes, compelling TSMC, Samsung, and Micron to front-load 2027 equipment orders. This compresses DUV’s market runway and raises supply chain barriers. Geopolitically, U.S.-led export controls shield ASML’s dominance short-term but inflate compliance overhead and accelerate China’s asymmetric lithography R&D. Nikon lacks the ecosystem leverage to challenge ASML in EUV but may gain in mature nodes. Over the next 12–24 months, global fab decentralization bolsters ASML’s order book—yet valuation risks loom if High-NA delays or customer CAPEX softens.