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Citi Elevates ASML Holding N.V. (ASML.AS) TP to EUR1,675 on Strong Demand, Reiterates Buy Rating
2026-04-16 15:46:45
After ASML Holding N.V. (ASML.US) raised its 2026 guidance and incorporated the Group's 2027 extreme ultraviolet (EUV) lithography capacity for the first time, this provided upside room for the forecasts of Citi Research and the market, Citi Research published a research report saying.

Demand for the Group is clearly strong, the broker noted. Although the Company no longer discloses order data, driven by DRAM, 1Q26 is highly likely to be another record order intake.

Citi Research raised its 2026/ 2027 revenue forecasts for the Group by 4%/ 3%, and increased its EPS forecasts by 6%/ 2%. The moves represent incremental adjustments on top of its previous estimation, which were already above market consensus.

Therefore, the broker reiterated rating at Buy on the stock, and elevated its target share for ASML Holding N.V. (ASML.AS)'s European stock from EUR1,600 to EUR1,675, driven by its positive anticipation revisions.
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