Research Report Highlights | CITIC Securities: Assigns "Buy" Rating to ASML with a Target Price of $1,620
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Glonghui, February 2nd｜CITIC Securities has given ASML (ASML.US) a Buy rating with a target price of $1,620. The company’s 2026 revenue and gross margin guidance are optimistic, with strong new orders and both EUV and memory segments accounting for 56%, indicating robust downstream demand. Capacity planning can meet customer demand for the next two years and is not an industry bottleneck. Based on comparable valuations, a target price of $1,620 is given.
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