RBC Capital Raises ASML Price Target to $1,625
- Rating
- Buy
- Target
- $1,625
- from $1,550 (+5%)
- Outcome
- Reached
- on May 22, 2026
What the analyst said
RBC Capital analyst Srini Pajjuri raised the price target on ASML (NASDAQ: ASML) to $1,625.00 (from $1,550.00) while maintaining an Outperform rating.
“Bookings Strength Points To Sustainable Demand; ASML reported a strong quarter with record bookings of €13.2B vs recent expectations for €8-€10B.
As expected, strong AI demand for DRAM and Advanced Logic is more than offsetting slowing China business. Productivity gains are driving higher EUV intensity and HighNA progress remains on track.
Looking ahead, FY26 guidance appears constrained by cleanroom space (esp. at TSMC) and could prove conservative.
We expect double-digit revenue momentum to sustain into FY27 on the back of tight DRAM supply, adoption of more advanced nodes in AI XPUs, and re-emergence of Foundry competition.
We raise estimates, raise PT, and reiterate Outperform.”
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Where the price stands
ASML trades at $1,642. The 3 analysts who set a target in the last 3 months range from $2,100 to $2,350, with a median of $2,100. This $1,625 target is 23% below the median, the lowest on the Street.
Since the note ASML has moved +15% (from $1,423). 12-month window: day 261 of 365, closes on January 29, 2027.
Track record
This call✓ Target reached on May 22, 2026, 4 months after the note.
Firm track recordRBC Capital: 80% of its 10 targets at least a year old were reached within 12 months (#20 of 28 firms). Accuracy ranking →
RBC Capital on ASML
RBC Capital price targets on ASML
6 calls from January 14, 2026 to October 7, 2026. The target went from $1,550 to $2,100 (+35%). The rating stayed Buy.
- October 7, 2026Kept the $2,100 targetBuy$2,100
- July 16, 2026Target raised from $2,000 (+5%)Buy$2,100
- July 14, 2026Target raised from $1,700 (+18%)Buy$2,000
- April 15, 2026Target raised from $1,625 (+5%)Buy$1,700
- January 29, 2026 This noteTarget raised from $1,550 (+5%)Buy$1,625
- January 14, 2026Earliest call shownBuy$1,550
