ASML Holding N.V. (NASDAQ:ASML) gets a double upgrade from Aletheia Capital analyst Warren Lau, who raised price target to $1,500 from $750. The upgrade is based on potential upside from surging EUV demand, DRAM and China DUV orders, and expansion potential from TSM.

Firm analysts see upside for ASML due to stronger EUV demand from DRAM suppliers, robust DUV orders from China in FY26E, and a likely surge in TSMC demand in FY27E. They believe TSM alone can install 40-45 EUV tools, potentially lifting total EUV units to 75-80.

ASML’s Low-NA EUV revenue forecasted to increase by one-third in fiscal year 2026, accelerating by 50-60% in fiscal year 2027. This expected increase will likely be driven by higher volumes and an improved product mix, leading to mid-teens sales growth in FY26E and mid-twenties in FY27E.

ASML Holding N.V. is a developer and seller of advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing. While ASML shows investment potential, some believe other AI stocks offer greater upside and lower downside risk. Check out a free report on the best short-term AI stock for more information.

Read more at Yahoo Finance: Analysts Turn Bullish on ASML With Price Target Raised to $1,500