ASML Has Another 35% Upside After Hitting Record High, BofA Says
- Bank of America lifts price target on the stock to Street high
- ASML has crucial role in AI chip supply chain, analysts say
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Hot on the heels of becoming Europe’s second-largest company by market value, ASML Holding NV got a fresh boost as Bank of America Corp. raised its price target to a level above all peers.
The shares have potential to rise a further 35% from current levels due to the semiconductor equipment maker’s key role in the artificial intelligence boom, BofA analyst Didier Scemama wrote in a note. He raised his target to €1,302, the highest among 40 analysts tracked by Bloomberg.