TLDR
- ASML stock climbed roughly 3% Monday, touching $1,815.84 in morning trading.
- UBS analyst Francois-Xavier Bouvignies reiterated a buy rating and EUR 2,350 price target before the open.
- Bank of America and Barclays also reaffirmed buy ratings on ASML this week.
- Third-quarter earnings are set for October 14, with analysts expecting EPS of $12.54 and revenue near $13.18 billion.
- UBS separately said ASML’s lithography equipment capacity targets for 2027 and 2028 may move above 30% growth.
ASML stock moved higher on Monday, rising about 3% during morning trading to reach $1,815.84. The stock touched an intraday high of $1,818.49 after starting near the lower end of its range.
The move came after UBS analyst Francois-Xavier Bouvignies reiterated a buy rating on the stock. The note was published before the market opened and kept a price target of EUR 2,350.
UBS pointed to ASML’s long-term profit trajectory as the reason for its confidence. The bank also highlighted the company’s position as the only supplier of extreme ultraviolet lithography systems.
UBS wasn’t the only firm weighing in this week. Bank of America Securities reiterated its own buy rating three sessions ago.
Barclays maintained a buy position earlier in the week too. That gives ASML three separate buy calls in a short stretch of trading days.
The timing lines up with ASML’s upcoming earnings report. Third-quarter results are scheduled for release on October 14, 2026.
Wall Street currently expects earnings per share of $12.54 for the quarter. Revenue estimates sit near $13.18 billion.
A Stock-Specific Move
The wider market gave ASML little help on Monday. The Nasdaq traded marginally lower while the S&P 500 stayed roughly flat.
That made the rally look like a company-specific story rather than a market-wide one. The gain wasn’t tied to any broader index strength.
ASML’s Q2 2026 numbers already gave investors something to build on. The company posted EUR 9.33 billion in net sales and a 54% gross margin.
Semiconductor equipment names have drawn steady interest all year. AI-driven demand for chipmaking capacity is the main reason why.
Capacity Targets Under Review
UBS also weighed in on ASML’s production plans in a separate note published Sunday. The bank said the company’s capacity growth targets may have room to move higher.
ASML said in July it plans to raise output of deep ultraviolet and extreme ultraviolet machines by 30% in 2027. Another 30% increase is planned for 2028.
UBS analysts said those targets could be lifted above 30% given strong demand for AI chips. They also expect ASML may guide for 2027 revenue growth above 30% year over year.
ASML’s intraday range on Monday ran between $1,800.40 and $1,818.49. The stock held near the top of that band into the early afternoon session.
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