JP Morgan Maintains Overweight on ASML Holding, Raises Price Target to $878
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Sandeep Deshpande has maintained an Overweight rating on ASML Holding (NASDAQ:ASML) and increased the price target from $726 to $878, indicating a positive outlook on the company's stock.
November 30, 2023 | 6:51 pm
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JP Morgan's analyst Sandeep Deshpande reaffirmed an Overweight rating on ASML Holding and raised the price target to $878, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Sandeep Deshpande from JP Morgan is a strong positive signal for ASML Holding. It suggests that the analyst has a bullish outlook on the company's stock, which could influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100