ASML Remains Top Pick In EU Semicaps, Analyst Highlights Key Role In AI Infrastructure And Multiple Expansion
Portfolio Pulse from Anusuya Lahiri
BofA Securities analyst Didier Scemama reiterated a Buy rating on ASML Holding N.V. (NASDAQ:ASML) with an increased price target, citing higher demand for EUV tools and AI infrastructure. Scemama also raised revenue and EPS estimates for 2025 and 2026. Lam Research Corp (NASDAQ:LRCX) was mentioned in relation to AI server content.
June 07, 2024 | 6:29 pm
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BofA Securities analyst Didier Scemama reiterated a Buy rating on ASML with a price target of $1,406, up from $1,213. The analyst raised revenue and EPS estimates for 2025 and 2026, reflecting higher demand for EUV tools and AI infrastructure.
The analyst's reiteration of a Buy rating and increased price target, along with raised revenue and EPS estimates, indicate strong confidence in ASML's future performance. The focus on AI infrastructure and EUV tools further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Lam Research Corp (NASDAQ:LRCX) was mentioned in relation to the higher DRAM, logic, and NAND content in AI servers compared to traditional enterprise servers.
While Lam Research was mentioned in the context of AI server content, the primary focus of the article was on ASML. The mention does not directly impact Lam Research's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30