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ASML Stock Jumps As Bernstein Aggressively Raises Price Target On Booming AI Chip Demand

ASML Stock Jumps As Bernstein Aggressively Raises Price Target On Booming AI Chip Demand

Key Stats for ASML Stock

  • Price change for ASML stock in last 6 months: 49%
  • $ASML Stock Price as of Jul. 6: $1825
  • 52-Week High: $2000
  • $ASML Stock Price Target: $1833

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What Happened?

ASML (ASML) stock climbed 3% after Bernstein raised its price target on the stock by more than 30%, taking it up to $2,623 (equivalent to €2,300) from a previous target near $1,971.

Bernstein kept its Outperform rating and said the boost comes down to one thing: AI demand for chips is expanding faster than expected, and that’s driving huge growth in both logic and DRAM chip capacity.

To put numbers behind…

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