Wall Street raises ASML price targets amid AI-driven semiconductor boom

Wall Street analysts are increasingly bullish on ASML Holding, raising price targets to over $2,800 as AI fuels growth in advanced semiconductor manufacturing. Bank of America and Bernstein both maintained 'Buy' ratings, citing ASML's strong competitive edge in lithography technology critical for producing cutting-edge chips. Despite a 140% stock rally in the past year, analysts expect continued growth, with Bernstein forecasting EUV system shipments to rise significantly by 2028 and revenue to hit nearly $49.25 billion by 2030. ASML's recent strong earnings and rising EPS estimates further support the optimistic outlook.