Chip stocks shed over $500 billion in value on China trade fears
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Wolfe Research Defending ASML Holding NV (ASML:NA) (ASML): 'our first reaction is to buy this morning's pullback'
July 17, 2024 10:02 AM EDTWolfe Research analyst Chris Caso reiterated an Outperform rating and EUR1,050.00 price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML).
The analyst comments "ASML posted solid 2Q bookings and maintained full year CY24 guidance, which we think sets up for a strong 2H24 and CY 25. The stock is however down on the report, we think for two reasons. One is that 3Q rev guide came in slightly below consensus (7bn at... More
