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MarketBeat
MarketBeat
Leo Miller

Chip Giant ASML Gets New Price Targets With Big Upside

[content-module:CompanyOverview|NASDAQ:ASML]

ASML (NASDAQ: ASML) may not get as much attention as the famous Magnificent Seven stocks, but it is still one of the world's most important companies. This semiconductor stock makes extreme ultraviolet (EUV) lithography machines. They play a vital role in manufacturing advanced chips, and the company has a near-monopoly in this equipment.

ASML recently released earnings. Many found them disappointing, even though it beat earnings per share expectations. Overall, shares dipped around 7% after the release. Over the past 52 weeks, ASML stock has had a total return of around -24% as of the Apr. 23 close.

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