ASML stock gains 28% YTD due to strong Q4 results and JPMorgan's 23% price increase prediction by April 17.
ASML Holding stock has seen impressive gains of 28% YTD, driven by strong Q4 results. The semiconductor equipment giant is expected to release its Q1 2024 results on April 17. With a solid growth outlook for the semiconductor industry, JPMorgan analyst Sandeep Deshpande maintains an overweight rating on ASML stock, suggesting a potential 23% price gain to $1,200 over the next 12 months from the current share price of $979. ASML's lithography and testing systems for chip manufacturers are expected to drive strong orders in the near term.
April 07, 2024
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