Analysts project ASML’s stock could reach $3,000 as demand for its EUV lithography machines drives multi-year growth.
ASML Holding (NASDAQ: ASML) reported a 21% year-over-year revenue increase to 9.3 billion euros in Q2, fueled by strong demand for its extreme ultraviolet (EUV) lithography systems. The company sold 86 new systems, up from 67 in the same period last year, while earnings per share rose 28% to 7.59 euros.
The semiconductor equipment maker remains the sole provider of EUV machines, critical for producing advanced 7nm, 5nm, and 3nm chips used in AI data centers, smartphones, and PCs. Analysts cite expanding addressable markets and sustained demand as key drivers for potential stock appreciation.
ASML’s dominance in cutting-edge chipmaking equipment positions it for long-term growth, with projections pointing to a $3,000 share price target within three years.