In a report released yesterday, Mehdi Hosseini from Susquehanna upgraded ASML Holding (NASDAQ: ASML) to Buy, with a price target of $225. The company’s shares opened today at $200.47.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 14.1% and a 53.0% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Universal Display.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ASML Holding with a $235 average price target, representing a 17.2% upside. In a report issued on July 3, J.P. Morgan also maintained a Buy rating on the stock.
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Based on ASML Holding’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $715 million. In comparison, last year the company had a net profit of $532 million.
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ASML Holding NV engages in the development, production, marketing, sale and servicing of advanced semiconductor equipment, consisting of lithography related systems. It mainly caters the makers of memory chips and logic chips. The company was founded on April 1, 1984 and is headquartered in Veldhoven, Netherlands.
