ASML 'Sold Out Through 2028' as Cantor Sees 66% Upside
ASML sits 75% above its 52-week low of $946.11 on elevated volume (2.0× avg).
Summary
Cantor Fitzgerald's C.J. Muse reiterated an Overweight rating and €2,500 price target on ASML, implying roughly 66% upside from Wednesday's ADR close of $1,675. The analyst says ASML is effectively sold out through 2028, with chipmakers already asking to book machines for 2029 and 2030. Non-current contract liabilities jumped 160% quarter-over-quarter, which Muse attributes largely to customer down payments. Cantor models 90 low-NA EUV tools for 2027 versus ASML's planned ~85, and expects 2028 EPS of €80, well above the €67.88 consensus. This follows ASML's Q3 beat and raised FY26 guidance reported earlier this week; the new element is the analyst's explicit sold-out-through-2028 call and the 66% upside target.
At the time of this announcement, ASML was trading at $1,653.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $645.7B. The 52-week trading range was $946.11 to $1,999.96. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.