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ASML Stock Upgraded: Morgan Stanley Sees Big Upside Ahead

ASML Holding N.V. (NASDAQ:ASML) is one of the AI Stocks in Focus on Wall Street. On September 22, Morgan Stanley upgraded the stock to “Overweight” from Equal Weight with a price target of €950. The firm sees “early signs of improvement” for ASML. “Since peaking last year (Jul’24), earnings forecasts have been revised significantly downwards for ASML, as is typical in a downcycle, with a marked effect on the share price (down 45% peak to trough).” The firm said its upgrade is a reflection of positive ea ...