ASML Upgraded to Buy, $1,650 Target

Freedom Broker raised ASML rating to "buy" and lifted price target to $1,650 from $950.
Q1 revenue hit €8.77 bn, up 13.2% YoY, with gross margin at 53% and EPS €7.15, beating forecasts.
EUV systems comprised 66% of system revenue (€4.1 bn) and large orders from SK Hynix ($8 bn) and Samsung ($7.4 bn) boosted outlook.
Full‑year 2026 revenue guidance lifted to €36‑40 bn; Freedom Broker forecasts €39.6 bn in 2026 and €46.4 bn in 2027, pricing at 36× earnings.