ASML stock
UBS reinstated ASML Holding NV as its "top pick" in the European semiconductor sector on May 20, 2026, significantly raising its price target to €1,900 from €1,600. Analysts cited ASML's superior exposure to the memory market—projected to account for 30--35% of revenue by 2026—and its pivotal role in the AI--driven infrastructure cycle. The bank's revised estimates for 2027 and 2028 earnings per share are approximately 15--20% above the market consensus, reflecting a bullish outlook on lithography intensity as DRAM nodes continue to shrink.