- TSMC plans higher investments, production of advanced logic chips to increase
- Demand for ASML equipment expected to strengthen
- Analysts reiterate buy recommendation for ASML shares
Bernstein reaffirms rating for ASML after TSMC forecast
According to "Investing.com", Bernstein analyst David Dai has responded to this forecast by confirming the "Outperform" rating for the Dutch chip machine manufacturer. ASML chip machine manufacturer. His price target for the ASML share is 1,300 euros, signaling a strong upside potential for the stock.
In addition to Bernstein, other experts were also optimistic about ASML following the TSMC announcements and raised some of their price targets.
For example Wells Fargoanalyst Joseph Quatrochi recommended the NASDAQ-listed ASML-According to "TipRanks", analyst Joseph Quatrochi continued to recommend the NASDAQ-listed share as a buy in an analysis on Thursday and raised his price target from USD 1,140 to USD 1,450.
The experts at KGI Securities also reiterated their "buy" rating on Thursday with a target price of USD 1,415.
According to "Investing.com", analyst Dai also emphasized that the concentration of TSMC's capacity expansions on the most modern production nodes N3 and N2 would particularly benefit ASML, as these processes have a higher dependency on lithography systems compared to the rest of the industry.
In addition, ASML's revenue from TSMC business could grow significantly faster than previously expected by the market as a result of this development.
