ASML is a leading manufacturer of photolithography systems used in semiconductor production.
And ASML produces the most advanced machines from which chips emerge into the world!
Advancements in this field allow chip manufacturers to increase the number of transistors, with lithography being a significant part of producing advanced chips.
ASML's products are essential for every major semiconductor manufacturer, including Intel, Samsung, and TSMC!
The latter recently announced it would invest $100 billion in the company's products over the next three years to expand its production capabilities!
The company expects to sell €24-30 billion annually by 2025 – compared to €15-24 billion in the previous forecast.
ASML's forecasts have become much more impressive due to the need for its machines in the coming decade.
The previous forecast spoke of sales of €15-24 billion annually by 2025; now the upper end of the range has become the lower one!
With the forecast at €24-30 billion – an increase of 25%!
Analysts: On 30.09.2021, Bank of America gives the company's stock a price target of $966, reflecting an upside of 38% from the current price!
Current price: $725.6. Market cap: $306 billion. Risk level: Low. Company name: ASML Holding N.V.
- No recommendation implied -