What the analyst said
Bernstein SocGen Group analyst David Dai raised the price target on ASML (NASDAQ: ASML) to $1,911.00 (from $1,642.00) while maintaining an Outperform rating.
“Market irrationality is an opportunity; Despite strong results, ASML stock closed -2% (capacity, margin concerns, profit taking), creating a buying opportunity.
Massive Q4 2025 €13.2B net bookings (almost 2x Street est.). 4Q rev €9.72B, slightly above Street. Memory drove 56% of the booking surge (Logic 44%). Backlog rose €7B QoQ to €38.8B.
2026 guidance of €34-39B; high end significantly over €35Bn consensus. Guidance range depends on customer’s clean room availability. EUV leads growth (DUV flattish). 2H26 is to be stronger vs.
1H (time needed to ramp internal move rates, the projected customer fab completion timing).
Mgmt reaffirmed 2030 targets of €44-60B revenue, GM 56-60%.
Margin guidance of 51-53% is a tad soft, due to product mix, partially offset by higher EUV units and installed base management.”
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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 $1,911 target is 9% 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 June 18, 2026, 5 months after the note.
Firm track recordBernstein: 75% of its 12 targets at least a year old were reached within 12 months (#22 of 28 firms). Accuracy ranking →
Bernstein on ASML
Bernstein price targets on ASML
8 calls from January 4, 2026 to July 16, 2026. The target went from $1,528 to $2,859 (+87%). The rating stayed Buy.
- July 16, 2026Target raised from $2,623 (+9%)Buy$2,859
- July 6, 2026Target raised from $1,971 (+33%)Buy$2,623
- March 26, 2026Target raised from $1,911 (+3%)Buy$1,971
- January 29, 2026 This noteTarget raised from $1,642 (+16%)Buy$1,911
- January 26, 2026Kept the $1,642 targetBuy$1,642
- January 22, 2026Target raised from $1,528 (+7%)Buy$1,642
- January 16, 2026Kept the $1,528 targetBuy$1,528
- January 4, 2026Earliest call shownBuy$1,528
