ASML Reclaims Title of Third-Biggest European Stock From Nestle
- Bernstein upgrades stock in latest bullish view from analysts
- ASML has tipped 2025 to be a year of ‘very significant’ growth
A warehouse at the ASML Holding NV headquarters in Veldhoven, Netherlands.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
ASML Holding NV reclaimed the position of Europe’s third-biggest listed company from Nestle SA after its shares were boosted by an upgrade from Bernstein analysts optimistic about the Dutch chip-equipment firm’s outlook.
Shares of ASML rallied to a two-year high on Monday, valuing the company at about $306 billion, compared with packaged-food giant Nestle at $301 billion. Only Novo Nordisk A/S and LVMH are worth more in Europe.