Strong earnings from Nvidia boost tech stocks, ASML Holding N.V. stock forecasted to rise in the short-term (+1.3%) and long-term (+1.4%).
Stock AI’s forecasts:
🟢 +1.3% short-term ⬆️
🟢 +1.4% long-term ⬆️
Stock AI’s (ASML) Forecast get (+15.0% Profit)
StockAI’s analysis delivers real-world results. On 21 March 2024, $ASML ($1003.4), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $852.4 (🔴-15.0%). Selling ASML on this signal yielded a +15.0% profit 💰💰.
ASML-ASML Holding N.V. News
🟢 Strong earnings and revenue guidance from Nvidia sparked a tech stock surge, with Nasdaq 100 and S&P 500 hitting record highs.
🟢 ASML Holding has earned an average rating of “Moderate Buy” from thirteen research firms.
🔴 Truist Financial Corp lifted its position in ASML Holding by 41.7% during the 4th quarter.
🔴 NBC Securities Inc. lowered its position in shares of ASML Holding by 18.8% during the fourth quarter.
🟢 ASML Holding saw a large drop in short interest in April.
🔴 Hilltop Holdings Inc. acquired a new stake in shares of ASML Holding in the fourth quarter.
ASML Holding N.V. stock has recently seen a mix of positive and negative news that could potentially impact its price in the short term. The strong earnings and revenue guidance from Nvidia have sparked a surge in tech stocks, including ASML, leading to a positive impact on the stock price. Additionally, the company has received a moderate buy rating from research firms, indicating confidence in its performance.
However, the increase in positions by Truist Financial Corp and the decrease in positions by NBC Securities Inc. could suggest mixed sentiments among investors, potentially leading to a slight decrease in the stock price. The drop in short interest in April could have a positive impact on the stock price as it indicates reduced bearish sentiment.
Overall, while the positive news from Nvidia and the moderate buy rating are likely to drive the stock price higher in the short term, the mixed positions from financial institutions could create some volatility. Investors should keep an eye on further developments to make informed decisions regarding ASML Holding N.V. stock.
ASML-ASML Holding N.V. Analyst Ratings
Here is a section about analyst ratings for ASML Holding N.V. stock:
📉 Barclays analysts downgraded their rating on ASML Holding (NASDAQ:ASML) stock from Overweight to Equal Weight and maintained their target price at $1,000.
📈 UBS analysts upgraded their rating on ASML Holding (NASDAQ:ASML) stock from Neutral to Buy and raised their target price from $950 to $1,100.
📈 Morgan Stanley analysts raised their rating on ASML Holding (NASDAQ:ASML) stock from Equal Weight to Overweight and increased their target price from $1,020 to $1,150.
Sources:
1. Benzinga
2. Yahoo Finance
3. ETF Daily News
4. ETF Daily News
5. ETF Daily News
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
Ready to analyze your own portfolio?
Get the same AI-powered insights for any stock you choose. It's easy!
