ASML Holding N.V. is among the stocks with the best earnings growth potential for the next 5 years. Deutsche Bank reaffirmed its Buy rating on ASML after the company’s third-quarter results, raising its price target from EUR900 to EUR1,000 on October 16.

The semiconductor equipment manufacturer reported third-quarter bookings of EUR5.4 billion, exceeding the EUR4.9 billion consensus estimate. This success was driven by EUV technology for DRAM memory chips.

ASML Holding N.V. has upgraded its 2026 forecast, no longer expecting a decline that year. The company had previously projected a significant decline in its China business, but now estimates 54 units of low NA EUV volumes for 2026, compared to 46 units expected to ship in 2025.

ASML Holding N.V. is a Dutch multinational company that designs, manufactures, and sells advanced equipment systems, primarily lithography machines essential for semiconductor chip production for electronic devices.

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Read more at Yahoo Finance: Deutsche Bank Raises ASML Holding (ASML) Price Target to EUR1,000 After Strong Q3 and Bullish Outlook