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ASML - ASML: Stock Valuation Risk Means Hold For Now
February, 16 2024 12:26 PM
ASML Holding N.V.
2024-02-16 12:26:29 ET
Summary ASML has future growth potential dependent on the AI market, but present valuation risk suggests caution in buying more shares. ASML forecasts a transition year in 2024, with sales in line with 2023, but expects growth in 2025 as customers expand into Asia, the US, and Europe. ASML benefits from the trend of regionalization in the semiconductor industry and has a significant order backlog, supporting its growth in 2025. Balance sheet and net change in cash risks contribute to my Hold sentiment at this time until a more reasonable valuation presents itself. For further details see:
ASML: Stock Valuation Risk Means Hold For Now
Stock Information
Company Name:
ASML Holding N.V.
Stock Symbol:
ASML
Market:
NASDAQ
Website:
asml.com
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