ASML Watch posted an update
On Monday, Cantor Fitzgerald reiterated Overweight on ASML with a EUR2,500 price target it says implies roughly 70% upside, and raised its EPS forecasts to 13% to 20% above consensus for 2026 through 2029. The thesis: lithography intensity accelerates from the second half of 2027, and 3D DRAM stays a decade away.
Why it mattersIt lands amid AI-chip nerves, with long-only funds reportedly selling $44.2 billion of semiconductor shares last month. Cantor sees minimal risk from the MATCH Act, and ASML plans to grow its Japan workforce from 500 to 700 by 2030. That is a broker's argument, not a company statement. The test is unchanged: ASML's Q3 bookings on 14 October. If 2027 and 2028 EUV orders hold, the bull case firms up; if they slip, a 50.5 P/E gets awkward.
Discuss: Does Cantor's raised math change how you read the 14 October bookings print, or is a 50.5 P/E too rich however full the order book looks?
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