ASML Holding stock rises 1.29 percent as target is cut

Published on 09/28/2026 at 15:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ASML Holding stock faced a Morgan Stanley target cut to EUR 1,700 from EUR 1,930 on September 8, 2026. Q2 revenue rose 21.30 percent year over year.

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ASML Holding (ISIN NL0010273215) stock closed at EUR 1,522.60 on Euronext Amsterdam on September 25, 2026, up 1.29 percent. The latest analyst reset kept the long-term rating positive but lowered the valuation reference for the semiconductor equipment maker. For investors, the gap between stronger operating figures and near-term margin concerns defines the setup.

Target cut keeps Overweight rating

In a note dated September 8, 2026, Morgan Stanley retained its Overweight rating on ASML while cutting the price target to EUR 1,700 from EUR 1,930, as Yahoo Finance reported.

The bank cited near-term risks involving China, production capacity and margins. The revised target remains above the September 25 closing price by EUR 177.40, while the rating indicates that Morgan Stanley still sees a constructive longer-term case.

Q2 revenue rises 21.30 percent

ASML reported Q2 2026 revenue of EUR 9,326.5 million, up 21.30 percent from Q2 2025, and net income of EUR 2,917.6 million, up 27.40 percent year over year, according to Nadiralpha.

Gross margin reached 54.00 percent in Q2 2026, compared with 53.70 percent in Q2 2025. The combination of higher sales and a wider margin gives the stock a fundamental counterweight to the valuation concerns cited in the analyst note.

Guidance sets the next test

ASML's full-year 2026 guidance calls for revenue of EUR 43 billion to EUR 45 billion and a gross margin of 54.00 percent to 56.00 percent, while Q3 guidance stands at EUR 11 billion to EUR 12 billion in sales and 55.00 percent to 57.00 percent margin, according to Nadiralpha. Those ranges make the next earnings update a direct test of whether demand growth can continue to support profitability.

Stock remains below yearly high

ASML shares closed at EUR 1,522.60 on Euronext Amsterdam on September 25, 2026, with a 52-week range of EUR 812.10 to EUR 1,741.00 and a market capitalization of EUR 584.8 billion. The closing level sits EUR 218.40 below the yearly high, leaving the analyst target revision and the Q3 execution range as the central reference points for the stock.