ASML - ASML Holding: From Bullish Momentum To Balanced Outlook

2024-04-25 02:21:02 ET

Summary

• ASML maintains dominance in semiconductor lithography, commanding over 90% of the market share.
• Expansion strategies focus on market growth alignment and profitability enhancement, evidenced by Q1 2024 earnings performance.
• Projections foresee steady market growth, driven by potential in Extreme Ultraviolet Lithography.
• Revised fair price estimate at $892.21 prompts the rating downgrade, with ongoing model updates essential to assess the opportunity in the stock.

Thesis

In my previous article about ASML Holding N.V. ( ASML ), I rated the stock as a "strong buy" citing that my estimated upside for the stock ranged from 16.8% to 21.5%, which means a present fair price per share ranging from $984.44 to $1,124.65....

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