| G Sachs: ASML May Ride on AI; View on 2025 Recovery Intact; Stock Stays on CL Buy |
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In its report, Goldman Sachs upheld a positive view on ASML (ASML.US)'s 2025 recovery, which could be propelled by AI demand despite lumpy bookings. The broker maintained the stock on the Conviction list and Buy rating.
According to Goldman Sachs, ASML's 1Q24 EBIT was above forecast, thanks to strong sales of Immersion and EUV. The broker cut its revenue forecast for FY2024 by about 1% to reflect a slightly lower-than-expected 1Q24 revenue, but raised its revenue forecast for FY2025 by about 2% and left its forecast for FY2026-27 intact.
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AAStocks Financial News
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