Major Bank Ratings | Morgan Stanley: Maintains ASML European Stock Target Price at 1,400 Euros, Short-term Upside is Limited

Golden Ten Data March 24｜Morgan Stanley maintains an "Overweight" rating on ASML's European stock, with a target price of 1,400 euros. The bank warns that ASML has limited short-term upside in 2026, with demand for extreme ultraviolet lithography machines concentrated in the second half of the year. Morgan Stanley expects ASML's first-quarter results, scheduled for release on April 15, to meet expectations, forecasting sales of 8.64 billion euros compared to company guidance of 8.2 billion to 8.9 billion euros; the expected gross margin is 52.8%, 61 basis points above the market consensus.