ASML: What’s next?

The shares of chip supplier ASML have required a lot of patience from investors in recent months. In a challenging market environment, the stock has suffered a lot. Now the question is: what will happen next with ASML? Despite a gloomy chart picture, the US bank Goldman Sachs remains optimistic.

Goldman analyst Alexander Duval expects huge investments, driven by the increasing demand for AI solutions and the advancing “computerization”. For Duval, ASML is one of the beneficiaries of these developments in Europe. The analyst assumes that the rating will be “Buy” with a price target of 1.185 euros, which corresponds to a price potential of over 60 percent.

Gloomy chart picture

From a technical perspective, however, the situation is less encouraging. Two weeks ago, the share failed to break the current downward trend. Instead, the price fell below the 20-day line and opened up a gap between EUR 779.10 and EUR 748.20, which triggered another sell signal. However, the important support around the EUR 680 mark has so far been held – a technical bottom may be emerging here.