JP Morgan Cuts ASML Price Target to $2,350
JP Morgan has reiterated its Overweight rating on ASML, lowering the price target to $2350, a 43.19% upside from the current price.
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JP Morgan cut its price target on ASML Holding N.V. ($ASML) to $2,350 from $2,400 on October 15, 2026, and rates the stock "Overweight".
Since the rating, $ASML is down 1.0% to date (from the $1,657.44 close on Oct 15, 2026).
ASML
ASML Holding N.V.
Key Points
- On October 15, 2026, JP Morgan reiterated its Overweight rating on ASML Holding N.V. with a revised price target of $2350, down from $2400.
- JP Morgan's $2,350 price target implies 43.19% upside from ASML Holding N.V.'s ($ASML) current $1,641.20 share price.
- ASML shares recently traded around $1655.07, which is about 29.6% below the updated analyst target.
- The company is performing well, showing a revenue growth of 21.3% year-over-year and a net margin of 30.1%.
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JP Morgan reiterated its Overweight rating on ASML Holding N.V. (ASML) on October 15, 2026, lowering its price target from $2400 to $2350. The firm believes the company continues to have strong potential despite the adjustment in target.
Other Institutional Activity in ASML
FMR, LLC holds 5,478,341 shares of ASML, with a value of about $8.99 billion, having increased its stake by 2,329,869 shares. Fisher Asset Management, LLC also maintains a significant position with 4,737,614 shares worth approximately $7.78 billion after a slight increase of 137,095 shares. Meanwhile, Invesco Ltd. added 170,463 shares, bringing its total to 3,140,208 shares valued at around $5.15 billion. Capital World Investors reduced its stake slightly, ending with 3,726,679 shares worth about $6.12 billion.
ASML Holding N.V. Stock Down 0.5%
ASML shares recently traded around $1655.07 as of October 16, 2026. This price is about 4.9% below the 50-day moving average of $1740.89 and 17.2% below the 52-week high of $1999.96. The recent trading level indicates that the stock is still above its 52-week low of $946.11, suggesting some resilience in its price.
$ASML price target
ASML Holding N.V. daily closes and this analyst's $2,350 target. Not advice.
Recent Earnings
For the trailing twelve months, ASML reported a revenue of approximately $35.33 billion and an earnings per share (EPS) of $40.64. The company's revenue growth year-over-year stands at 21.3%, and it has a net margin of 30.1%. The next earnings report is expected on January 27, 2027.
Analysts Set New Price Targets
On October 15, 2026, JP Morgan maintained its Overweight rating on ASML with a price target of $2350, down from $2400. Earlier, on July 16, 2026, JP Morgan had set the target at $2400, indicating an ongoing confidence in the stock despite the recent adjustment. The consensus among analysts shows a mean price target of approximately $2156.29, with 17 analysts covering the stock, suggesting a strong buy recommendation.
About ASML
ASML Holding N.V. is a key player in the semiconductor industry, providing advanced lithography solutions essential for the production of chips. The company focuses on developing cutting-edge equipment systems that support the production of various semiconductor nodes and technologies. Its recent performance reflects a strong demand for its products, which is crucial for the tech sector.
Bottom Line
Investors will be watching ASML closely as it approaches its next earnings date on January 27, 2027. With a solid revenue growth and a strong market position, the company's future performance will be important to monitor, especially following the recent analyst adjustments.
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Source: JP Morgan's rating change on $ASML (Oct 15, 2026). Written by software, not financial advice. How we make alerts