ASML stock
Morgan Stanley upgraded ASML Holding NV to a "Strong Buy" on September 4, 2026, raising its price target to $1,300 from $1,180. The upgrade is predicated on several key factors:
- Memory Market Inflection: The transition to HBM4 and sub--10nm DRAM is driving a significant increase in EUV layer counts, creating a "structural tailwind" for ASML's mid--term revenue.
- Order Visibility: Analysts noted that ASML's 2027 order book is filling faster than anticipated, providing high confidence in the company's ability to hit the upper end of its €44B–€60B revenue guidance for 2030.
- Logic Recovery: Stabilization in the logic foundry sector and the ramp--up of 2nm nodes by major customers are expected to sustain demand for both NXE and EXE systems.
Analysts expect that ASML will provide a significant upward revision to its long--term financial roadmap during the upcoming Investor Day.