Wall Street’s still in the ASML fan club
Deutsche Bank just raised its price target on ASML to €1,600 from €1,500 and left the Buy rating untouched. Translation: the bank looked at Europe’s most important chip gear company and said, “Yep, still expensive, still worth it.”
Why this matters
ASML is already on a wild streak — the stock has climbed 46% over the past six months and is now sitting within 1% of its 52-week high. So when a major bank nudges its target higher, it’s not some tiny espresso-shot upgrade; it’s a fresh reminder that bullish investors still see the company as the bottleneck king of the AI chip boom.
The bigger setup
The interesting part isn’t just the new target. It’s the backdrop: ASML recently posted strong Q1 2026 earnings, with €8.8 billion in net sales and a 53% gross margin, while also lifting its full-year revenue guidance to €36 billion–€40 billion. In other words, the company isn’t just getting praised for vibes — the numbers are showing up too.
What you’re watching next
If you own ASML, the debate is no longer whether demand exists. It’s whether the company can keep turning AI-fueled chip demand into sustained growth without tripping over supply, cyclicality, or sky-high expectations. Big picture: Wall Street keeps treating ASML like the pickaxe seller in a gold rush — and right now, the miners still need a lot of pickaxes.