Arete Research upgraded ASML to a Buy rating from Neutral, setting a price target of 879 euros. This positive revision reflects the firm's confidence in ASML's operational strength and future prospects.
The upgrade was primarily driven by ASML's strong bookings and robust backlog, which indicate solid demand for its semiconductor equipment. This assessment came prior to the company's third-quarter 2025 earnings report.
This analyst action suggests a positive outlook on ASML's ability to convert its order book into revenue, reinforcing the company's position in the semiconductor capital equipment market.
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