RBC Capital Raises ASML Price Target to $1,700
- Rating
- Outperform
- Target
- $1,700
- from $1,625 (+5%)
- Outcome
- Reached
- on June 2, 2026
What the analyst said
RBC Capital analyst Mitch Steves raised the price target on ASML (NASDAQ: ASML) to $1,700.00 (from $1,625.00) while maintaining an Outperform rating.
“ASML’s 1Q results were better while 2Q outlook was below consensus. China demand, while in line with management’s projections, is tracking below our expectations.
Nevertheless, management raised FY26 revenue outlook by 4% on the back of strong Memory and Advanced Logic demand.
EUV demand is outpacing supply and output projections (60 tools in 2026, >80 in 2027) point to strong growth in 2027. Services is tracking better and China (down >50% q/q) is mostly de-risked.
We raise estimates and expect revenue momentum to sustain through 2027/28 driven by GenAI, Memory tightness, and growing Foundry competition. Reiterate Outperform.”
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Where the price stands
ASML trades at $1,357. The 2 analysts who set a target in the last 3 months range from $2,100 to $2,350, with a median of $2,225. This $1,700 target is 24% below the median, the lowest on the Street.
Since the note ASML has moved −11% (from $1,518). 12-month window: day 204 of 365, closes on April 15, 2027.
Track record
This call✓ Target reached on June 2, 2026, 2 months after the note.
Firm track recordRBC Capital: 47% of its 17 targets at least a year old were reached within 12 months (#26 of 26 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, 2026 This noteTarget raised from $1,625 (+5%)Buy$1,700
- January 29, 2026Target raised from $1,550 (+5%)Buy$1,625
- January 14, 2026Earliest call shownBuy$1,550
