ASML Holding NV: EPS Beats Estimates, Average Price Target Raised
Amsterdam, Netherlands - March 10, 2023
ASML Holding NV (ASML), a global leader in the semiconductor industry, reported better-than-expected earnings per share (EPS) in its latest quarterly results. Despite initial estimates of €374, the company announced an EPS of €401 for the quarter.
Key Highlights
Analysts have responded positively to the strong EPS performance. The average price target for ASML shares has been raised to €1086.88, based on the analysis of nine different analysts. This represents a significant increase from the previous average price target.
Looking ahead, analysts anticipate continued strong performance from ASML. They forecast an EPS of €506 for the next quarter. The company's expertise in manufacturing high-tech systems for the semiconductor industry positions it well to benefit from the growing demand for advanced chips.
ASML's financial performance reflects the strength of the global semiconductor market. The company's ability to exceed estimates and attract increased analyst sentiment signals a positive outlook for its future growth.
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