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ASML: Oddo raises target price

( - Oddo maintains its buy rating on ASML shares and has raised its corresponding target price to 510 euros, compared with 480 euros previously.

After increasing by 46% since bottoming out in October, the share has actually managed to extend its performance with a fourth quarter that is once again well above expectations, Oddo says, with sales of 4.25 billion euros, above the consensus of 3.74 billion euros.

The broker believes that 2021 will be a year of double-digit growth, with it expecting EPS growth of around 18% this year (under a conservative scenario).

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