ASML Reaffirms 2030 Revenue Target. Jeffries Analysts Reiterate Forecast Suggesting Accelerated Growth From 2025-2030

ASML Reaffirms 2030 Revenue Target. Jeffries Analysts Reiterate Forecast Suggesting Accelerated Growth From 2025-2030

ASML Holding reaffirmed its 2030 targets, easing investor concerns after last month’s profit warning. The Dutch chip equipment maker's stock rose 5 in Amsterdam, though it's still down 3 year-to-date. CEO Christophe Fouquet highlighted ASML’s focus on scaling extreme ultraviolet lithography and expanding its lithography portfolio, aligning with AI-driven growth. Jefferies analysts noted this reiteration suggests accelerated growth from 2025-2030. ASML forecasts global semiconductor sales to top $1 trillion by 2030, projecting a 9 annual market growth rate from 2025.


User: Benzinga

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Uploaded: 2024-11-15

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