ASML Stock Jumps 6%: Why Analysts Just Raised Price Targets
TLDR
- ASML stock jumped 6.7% to $1,273.88 on Friday with trading volume up 8% from average
- The company beat Q3 earnings estimates at $6.41 per share versus expected $6.27 but missed revenue targets
- Analysts upgraded ASML with consensus rating of Moderate Buy and average price target of $1,270.67
- ASML raised its quarterly dividend to $1.857 per share, representing an annualized yield of 0.6%
- High-NA EUV systems priced at $380 million each are driving future growth as Intel and Samsung adopt the technology
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ASML shares climbed 6.7% during Friday…
