ASML Forecasts €43-45B Revenue, Bernstein Sees 50% Upside
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowASML (NASDAQ:ASML) raised its full-year revenue guidance to between €43 billion and €45 billion following a 21% year-over-year rise in Q2 revenue to $10.65 billion. Although ASML shares dropped 7% after a report of a Chinese state-backed firm's production of DUV lithography tools, Bernstein maintains a price target of $2,623, implying a 50% potential upside from the current trading price of $1,740.99. In comparison, peers AMAT and KLAC have only about 17% analyst-implied upside. This situation emphasizes market volatility related to geopolitical concerns and company-specific fundamentals, key factors for investors to consider.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Applied Materials Inc. (AMAT)
Applied Materials is the largest maker of semiconductor-manufacturing equipment.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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