ASML: Oddo raies target price
(CercleFinance.com) - Oddo confirms its Buy rating on the ASML share and has raised its corresponding target price from 265 euros to 290 euros.
Oddo underlines the positive message on the acceleration of the industrialization of the EUV, with increased visibility on 2021 and the rebound in its memory business - probably in H2 2020, with it making a full contribution in 2021.
According to Oddo the trade war will not stop overnight, although the group remains central - both for the US and China.
Oddo has raised its forecasts for 2020 (+3%) and 2021 (+6%), saying that the group could reach the lower end of the target range in its 2025 plan (sales of 15 billion euros) in 2021.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.