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Technology Stocks : ASML Holding NV

ASML 1,025

-1.2%

10:32 AM EST

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Tobias Ekman

From: BeenRetired	9/4/2024 10:03:47 AM
	1 Recommendation of 42387

Long-Time Bull Bails on ASML, Warning AI Potential Overhyped UBS analysts drop buy rating for first time since 2022 ASML shares slump Wednesday amid misgivings over tech hype By Henry Ren September 4, 2024 at 4:20 AM PDT Updated on September 4, 2024 at 6:34 AM PDT UBS Group AG ended a bullish call it’s held for two years on European tech darling ASML Holding NV, warning that the earnings growth potential from artificial intelligence is becoming overhyped. Analysts at the bank downgraded the stock to hold from buy after the share price surged more than 60% since UBS first implemented Wall Street has generally seen the fall as a buying opportunity, but now the stock is losing a bull in UBS analyst Francois-Xavier Bouvignies. He reduced his price target on ASML’s Amsterdam-listed stock to €900 ($994) from €1,050 previously and lowered his rating to Neutral from Buy. PS Must be September. ASML

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