Observed Signal · Jul 6, 2026 · Analyst Rating Update · Source: CNBC Investing · Impact: 2/5 · Sentiment: Neutral
Bernstein Raises ASML Price Target After Stock Doubles
Bernstein raised its price target for U.S.-listed ASML shares to $2,623 from $1,971 and maintains an outperform rating, forecasting further gains after ASML shares more than doubled over the past year. Analyst David Dai cited an "unprecedented AI-driven expansion" in advanced logic and DRAM capacity and said High Numerical Aperture Extreme Ultraviolet (HNA EUV) lithography will likely be adopted first for DRAM due to lower exposure costs. ASML, a major supplier of HNA EUV systems used to make DRAM and high-bandwidth memory that power AI models, has seen its stock climb about 123% in the last year. The stock rose about 3% in premarket trading after Bernstein’s target increase, and LSEG data shows all 19 analysts covering ASML rate it a buy or strong buy.
Analyst price-target and rating updates for a major semiconductor equipment supplier matter to hardware and AI compute markets, but have limited direct impact on the AdTech/MarTech industry.
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Key Takeaways & Evidence Grounding
- Bernstein raised its price target on U.S.-listed ASML shares to $2,623 from $1,971, implying ~48% upside.
- Bernstein has an outperform rating on ASML and increased ASML topline forecasts citing AI-driven expansion in logic and DRAM.
- Analyst David Dai said HNA EUV will likely be adopted first in DRAM due to lower cost of exposure for DRAM.
- ASML shares have gained about 123% over the past year.
- All 19 analysts covering ASML have a buy or strong buy rating, per LSEG data.
Connected Companies & Entities
4 Entities mapped“ASML is the major supplier of high numerical aperture extreme ultraviolet lithography, a manufacturing technology that is used to make memor...”
“The investment firm has an outperform rating on ASML. It raised its price target on U.S.-listed shares to $2,623 from $1,971, implying 48% u...”
“All 19 analysts covering ASML have a buy or strong buy on the stock, LSEG data shows....”
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ASML Raises 2026 Guidance Amid AI Chip Boom
ASML reported stronger-than-expected second-quarter results driven by high demand for AI chips and raised its full-year 2026 revenue guidance again. Q2 revenue was €9.3 billion and net profit €2.9 billion, above analyst expectations of €8.8 billion and €2.6 billion respectively. CEO Christophe Fouquet said customers are accelerating capacity expansion, and ASML now expects 2026 revenue of €43–45 billion (previously €36–40 billion; earlier raised in April from €34–39 billion). ASML’s unique position as the sole supplier of EUV lithography systems for advanced AI semiconductors and strong orders from customers such as TSMC, Samsung, Micron — with Intel lined up as first user of a new systems generation — underpin the outlook, though tighter U.S. export controls on sales to China remain an uncertainty.
ASML Raises 2026 Guidance on Strong AI Chip Demand
ASML raised its 2026 net sales guidance to €36–40 billion after beating first-quarter estimates, reporting Q1 net sales of €8.8 billion and net profit of €2.8 billion versus LSEG consensus of €8.5 billion and €2.5 billion. CEO Christophe Fouquet attributed the upgrade to sustained AI-related chip demand and customers accelerating capacity expansion. ASML said 51% of net sales of its new tools in Q1 went to memory, with customers in South Korea accounting for 45% of sales, Taiwan 23%, and China 19% (down from 36% the prior quarter). The company did not disclose order numbers this quarter but said order intake remains very strong. ASML noted export restrictions limit shipments of its most advanced machines to China and signaled a possible 2027 delivery plan for low-NA EUV units.
Baird raises Micron price target on agentic AI demand
Baird reiterated its outperform rating on Micron Technology and raised its price target to $1,520 from $1,280, citing surging demand for agentic AI, a deceleration in DRAM supply bit growth outlook for 2027, and higher expected margins for HBM next year. Analyst Tristan Gerra noted the positive near- and medium-term outlook. The stock has risen 279% in 2026. The price target hike comes ahead of Micron's fiscal fourth-quarter earnings report, with analysts expecting strong results, including year-over-year earnings growth of 939% per LSEG consensus.
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