Bullish
ASML's stock rises 4% after Morgan Stanley names it a 'Top Pick' for 2026.
ASML's stock experienced a 4% increase following Morgan Stanley's designation of the company as a 'Top Pick' in European semiconductors for 2026. The investment bank raised its price target to €1,000, citing strong demand across memory and logic sectors, particularly as DRAM producers transition to newer nodes, which is expected to boost EUV intensity into fiscal 2026. Morgan Stanley also highlighted potential upside from DRAM and foundry spending related to AI infrastructure.
Key points
- Morgan Stanley raises ASML's price target to €1,000, naming it a 'Top Pick' for 2026.
- ASML's stock rises 4% following the announcement.
- Morgan Stanley cites strong demand in memory and logic sectors, especially with DRAM producers shifting to newer nodes.
- Potential upside identified from DRAM and foundry spending tied to AI infrastructure.
Sources
AI-generated from public news sources. Not financial advice.
