ASML (ASML.US) results may once again exceed expectations; Morgan Stanley raises its earnings forecasts for this year and next, maintains "Overweight" rating.

Zhitong Finance APP has learned that Morgan Stanley released a research report stating that it expects ASML (ASML.US) third-quarter results to once again deliver a positive surprise, with continued strong demand from memory chip and logic chip foundries likely to drive revenue above the upper end of the company's previous guidance. The bank also raised its 2026 and 2027 performance forecasts for ASML, while maintaining an "Overweight" rating, a target price of EUR 1,700 (about USD 1,950), and its status as the "top pick" in the European semiconductor sector. However, Morgan Stanley pointed out that the market still has major questions about growth momentum in 2028, and ASML management's comments on EUV capacity and the China market may become key factors affecting the stock's year-end performance.