On January 13, Rothschild Redburn analyst Timm Schulze-Melander increased the price target for ASML Holding N.V. to EUR1,250.00 from EUR1,200.00. He kept a Buy rating on the stock.
The research firm has lifted its forecast for ASML's order intake in the fourth quarter of 2025 to €7,047 million. This figure is about 13% higher than the consensus estimate of €6,249 million. This quarter will be the last time ASML reports its order intake on a quarterly basis.
The firm expects TSMC's Technology Symposium in April 2026 to be the next major catalyst for its high NA EUV investment thesis. It anticipates TSMC will provide an update on its roadmap that could move implementation from 2030 to 2028. This would place ASML in more direct competition with Intel Foundry.
In July 2025, the firm had cautioned that strong semiconductor sales would not immediately lead to higher capital equipment demand. It forecasted a plateau in the second half as utilization improved. The firm now believes utilization has improved sufficiently for demand to turn positive, with momentum expected to build through 2028.
ASML Holding N.V. develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing.