Audio Teach-In: AMSL

(19.08.19)

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.

Contact Janardan Menon to know more on +44 (0)20 3100 2076 or email janardan.menon@liberum.com

This communication is for use only by a person or entity that qualifies as a "Professional Client" or "Eligible Counterparty" within the meaning of the FCA's rules. It is intended for use only by persons having professional experience in matters relating to investments. Any other person who receives this should not act on the contents. Disclaimer here.

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