Hopper58 schreef op 18 juli 2024 14:37:
'The mooted restrictions from the U.S. could just be a negotiating tool to get ASML to stop servicing machines already sold to Chinese customers, according to J.P. Morgan analyst Sandeep Deshpande. However, even in a scenario where ASML was stopped from selling more types of machines to China, then it would still hit less than 10% of ASML’s forecast sales in 2025, according to the analyst.
“If the worst case is true and that some more leading-edge tools are going to be banned from being shipped to China, then the stock is essentially discounting most of that impact already in our opinion; if there is an agreement to stop servicing the proscribed tools as the U.S. wants then there could be upside to the share price,” Deshpande wrote in a research note on Thursday.
He kept a target price of 1,100 euros on ASML’s Amsterdam-listed stock.
ASML’s Amsterdam-listed shares were down 1.2% at €860.20 on Thursday, having fallen 11% the previous day. Its ADRs were up 1.5% at $947.00 in premarket trading, after dropping 13% the previous day.
“After the sell off, we see upside to the share price, though we acknowledge the risk-reward isn’t as compelling as pre-Q4’23 [fourth quarter of 2023],” wrote UBS analyst Francois-Xavier Bouvignies in a research note. '
www.marketwatch.com/articles/asml-sto...