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Anushka Dutta

Why UBS Says ASML Is the Best Bet Among European Chip Stocks

ASML UBS ASML Holding Semiconductor

Dutch semiconductor company ASML Holding (ASML) was picked as the top European semiconductor pick by analysts at UBS, while raising the stock’s price target from €1,600 to €1,900. The analysts, led by Francois-Xavier Bouvignies, see the company offering an attractive risk/reward profile in the European chip sector.

UBS analysts are optimistic about a number of things in ASML, making it appealing. First, UBS believes the market is overly pessimistic about the company's inability to produce enough tools to meet industry demand. Analysts estimate ASML’s 2027 capacity can support more than 50% year-over-year (YOY) growth in leading-edge wafer output.

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