ASML: Oddo raises target price

(CercleFinance.com) - Oddo BHF has reinstated its "outperform" rating on ASML shares, while raising its target price for them from 510 euros to 620 euros, explaining that despite a fairly exceptional track record, it continues to have an influential role in the industry.


In a report on the semiconductor sector as a whole, the broker believes that the first quarters of 2021 should come out at the top of expectations and the message for the rest of the year should enable upside to materialise.

Oddo BHF recognises that the sector is more highly valued than in the past, although believes that its new status as crisis-resistant, while benefiting from structural growth, means that this can be considered the new norm.

The share is currently pretty flat in Amsterdam.


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