What changed
$ASML — BUY 📊 | 6 MONTHS THESIS
🎯 latest | Rev $4.1B | EPS $7.15 vs $6.62 🟢
💡 Consensus models flat 2024 earnings, but ASML's EUV backlog and high-NA orders indicate a sharp recovery in H2 2024 and 2025, leading to positive estimate revisions. The market is overly focused on near-term cyclicality and not pricing in the structural demand inflection.
📉 Reward/risk: 2.16:1
🏢 Business Quality: 9/10 - monopoly in EUV lithography, essential for advanced semiconductor manufacturing, high switching costs, and strong pricing power.
📊 Valuation: fair — trailing P/E 67x appears rich but is distorted by trough earnings; normalized P/E (2025E) ~30x is in line with historical premium.
🔮 Catalyst: Strong Q2 bookings and raised guidance during next earnings or a pre-announcement
💰 Entry: $1929.68, stop $1800.0, target $2210.0
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/ASML0622