Audio Teach-In: AMSL
Technology Analyst's Janardan Menon and Olivia Honychurch review ASML in this audio teach-in. They forecast DRAM capex and ASML’s revenues to accelerate from 2020. We also expect logic demand to remain strong and for ASML’s gross margins to steadily rise to the 50-55% range in the coming years. We therefore believe that current market conditions present an opportune moment to BUY, and raise our TP from €215 to €254.
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