ASML Shares Surge as JP Morgan Lifts Price Target Ahead of Earnings

ASML Holding, the Dutch semiconductor equipment manufacturer, has received a significant vote of confidence from Wall Street. In a notable move, investment bank JP Morgan has substantially increased its price target for the company’s shares, signaling strong expectations for the chip technology leader. The timing of this upgrade places additional focus on the company’s upcoming quarterly report, which will serve as the ultimate test of these optimistic projections.

JP Morgan’s research team has delivered a bullish signal for ASML, raising their price objective from $957 to $1,175 per share. This represents a substantial 22.8 percent upward revision, reflecting growing confidence in the semiconductor equipment specialist’s prospects. Market response was immediately positive, with ASML shares advancing 1.1 percent following the announcement.

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