ASML's stock price plummets after earnings; Evercore ISI calls for "buying on dips"
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ASML's stock price fell 8.3% after the release of its second-quarter financial report. Evercore ISI believes this is a buying opportunity, maintaining its "outperform" rating with a target price of €803. Analyst Mark Lipacis pointed out that the expectations of weak performance have already been reflected in the stock price. Although gross margins may decline in the second half of the year, strong demand for artificial intelligence is still expected to achieve the revenue target for 2025
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