ASML (ASML) Price Target Raised to €1,560 on Strong Outlook

Jefferies raised its price target for ASML Holding NV (ASML) from €1,260 to €1,560 on July 2, maintaining a Buy rating. This increase is based on a projected FY27 price-to-earnings ratio of 36 times and enterprise-value-to-EBITDA of 28 times. The European semiconductor sector rose by 69% in Q2, highlighting ASML's favorable market position. Jefferies estimates ASML's Q2 revenue at €8.79 billion and full-year revenue between €38 billion and €42 billion, up from €36 billion to €40 billion previously. This matters for investors as it indicates strong growth potential for ASML amidst market dynamics.