Key Insight
Morgan Stanley upgraded ASML from Equal Weight to Overweight with a €950 price target, projecting fiscal 2027 earnings per share of €33, signaling strong growth fueled by AI-driven semiconductor demand and cyclical memory market recovery. Changing a stock rating from equal weight to overweight means that analysts now believe the stock will perform better than average within its industry or sector, and they recommend holding more of it in a portfolio compared to before.
Background:
On September 22, 2025, Morgan Stanley raised its rating on ASML Holding N.V., the Dutch lithography giant, citing accelerating AI demand and signs of cyclical recovery in semiconductor production, particularly in memory chips. This came alongside an anticipated order surge in late 2026 and 2027 for advanced AI accelerators and memory technologies.
Credit Perplexity
https://www.perplexity.ai/page/morgan-stanley-upgrades-asml-t-OB6IaChtTjKvCA31FaQL1Q