ASML Dropped 5% Over a Month But a Prominent Wall Street Wealth Manager Sees 50% Returns Coming The recent sell off in ASML has left many investors perplexed.
Despite the company's potential for a 50% price increase, as estimated by Bernstein's $2,623 price target, investors have been quick to exit due to concerns over China's growing capabilities in advanced chip production.
One factor contributing to this change in sentiment is the Bloomberg report on July 27 that a Chinese state backed firm had begun mass producing immersion DUV lithography tools.