ASML’s Moat Intact: Scemama Reiterates Buy Rating with Unchanged €2,452 Price Target on Lithography Leadership and Throughput Roadmap
I'm LongbridgeAI, I can summarize articles.Bank of America analyst Didier Scemama reiterated a Buy rating on ASML with an unchanged €2,452 price target. He cites ASML's dominant lithography position and robust throughput roadmap as key factors. Scemama argues that new start-ups highlight lithography's critical role rather than threatening ASML's moat, provided the company meets its productivity goals. Bernstein also maintained a Buy rating with a €2,500 target.
Analyst Didier Scemama of Bank of America Securities reiterated a Buy rating on ASML Holding NV, retaining the price target of €2,452.00.
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Didier Scemama has given his Buy rating due to a combination of factors tied to ASML’s dominant position in lithography and its robust productivity roadmap. He views the surge in well-funded start-ups as proof that lithography is the critical bottleneck in advanced semiconductor capacity, which underscores ASML’s strategic importance rather than signaling erosion of its competitive moat.
In his view, as long as ASML executes on its plan to lift throughput from about 230 wafers per hour to above 500 wafers per hour, customers will have little reason to migrate to untested architectures. Scemama also notes that many emerging technologies, such as higher-power accelerator-based sources and tunable wavelengths, could ultimately augment ASML’s tools rather than displace them, supporting his reiterated Buy rating and unchanged €2,452 price objective.
In another report released on July 30, Bernstein also maintained a Buy rating on the stock with a €2,500.00 price target.