ASML Inc. (ASML) PT Raised to $180 at RBC Capital Following 3Q Release

RBC Capital raised its price target on ASML Inc. (NASDAQ: ASML) to $180.00 (from $155.00) while maintaining a Sector Perform rating following the company's 3Q release. ASML reported a strong print with revenue/ EPS at at €2.45B/€1.29 EPS vs. the street's estimate looking for €2.2B/€1.12.

For the Dec-qtr, ASML is guiding for ~€2.1B revenue vs. Street at €2.3B. Management expects gross margins to be ~44%, R&D expenses of €315M, SG&A expenses of €110M, other income of €24M, and tax rate of 14%.

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