Strong earnings from Nvidia boosted tech stocks, including ASML Holding (ASML), which saw a surge in trading activity.
Stock AI’s forecasts:
🔴 -1.7% short-term
🔴 -4.4% 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 received a consensus rating of “Moderate Buy” from research firms.
🔴 Truist Financial Corp. increased its position in ASML Holding by 41.7%.
🔴 NBC Securities Inc. lowered its position in ASML Holding by 18.8%.
🔴 ASML Holding saw a large drop in short interest in April.
🟢 ASML Holding shares shot up 2% following a dividend announcement.
The recent news surrounding ASML Holding N.V. stock has been a mix of positive and negative developments. The strong earnings and revenue guidance from Nvidia sparked a surge in tech stocks, which could have a positive impact on ASML’s stock price. However, the drop in short interest in April may indicate some bearish sentiment towards the stock in the short term.
The consensus rating of “Moderate Buy” from research firms could provide some support for the stock, but the decrease in position by NBC Securities Inc. may have a negative impact. On the other hand, the increase in position by Truist Financial Corp. could offset some of the selling pressure.
Overall, the positive news from Nvidia and the dividend announcement may help boost ASML’s stock price in the short term. However, investors should keep an eye on any changes in short interest and analyst ratings for a more accurate forecast of the stock’s performance.
ASML-ASML Holding N.V. Analyst Ratings
### Analyst Ratings for ASML Holding N.V. Stock
📉 Goldman Sachs downgraded their rating on ASML Holding (NASDAQ:ASML) from Buy to Neutral, with a target price of $1000.
📉 Bank of America analysts lowered their rating on ASML Holding (NASDAQ:ASML) from Outperform to Neutral, with a target price of $980.
📈 Morgan Stanley upgraded their rating on ASML Holding (NASDAQ:ASML) from Equal Weight to Overweight, with a target price of $1050.
### Sources:
1. MarketBeat
2. TheStreet
3. Seeking Alpha
4. Nasdaq
5. Zacks
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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