Nomura Securities Maintains a 'Buy' on ASML Inc. (ASML); Co-investment Strategy Reinforces Long Term

Nomura Securities maintains a 'Buy' on ASML Inc. (NASDAQ: ASML) price target of EUR42.

Analyst,Carmen Boyero, said, "ASML announced a major customer co-investment program yesterday evening. The key takeaways, in our view, are: 1) Strong early commitments likely to accelerate availability of the next generation technologies – two years earlier than previously anticipated. 2) Development risks shared with key customers – industry roadmap and timeline more closely aligned. 3) Further potential for ASML to consolidate and strengthen its dominant position at the cutting edge longer term (currently +80% of the immersion market in unit sales) We consider the announcement favorable to ASML, with Intel’s (Nasdaq: INTC) participation suggesting support is shifting further towards ASML despite Nikon’s latest S621D immersion flags."

For an analyst ratings summary and ratings history on ASML Inc. click here. For more ratings news on ASML Inc. click here.

Shares of ASML Inc. closed at $48.46 yesterday.

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