Mizuho raised their price target for ASML Holdings (ASML) to EUR 1,110 per share in a note Tuesday, with analysts at the firm saying the stock has become much more owned and liked.
This follows the commentary from the company's new CEO, who reiterated their prior mid-20% year-on-year revenue growth target for 2025.
He also said TSM would be ordering their first High N/A EUV tool for research and development, "suggesting their usage of the technology was not so much a question of if but when."
"ASML stock is back up near all-time highs and well owned and liked by LO and HF investors," says Mizuho.
They note there is a lot of bullishness into the company's November analyst day, "where investors expect a bullish financial update that could be increased vs prior long-term 2030 targets."
Mizuho concludes that what matters most for the ASML stock reaction in the Q2 print is the EUV orders that "pretty much have to be 5B euro (or higher) as 4B would add risk and pressure on the CY25 growth outlook."