ASML shares jump after surprise Aletheia upgrade flips outlook on EUV demand
AMSTERDAM, January 2, 2026, 08:58 ET ASML (ASML.AS) shares rose more than 3% on Friday after Aletheia Capital upgraded the Dutch semiconductor equipment maker to “buy” from “sell” and doubled its price target — an analyst estimate of where a stock should trade — to $1,500. Investing The upgrade matters because investors are starting 2026 looking for fresh signals on chipmaker spending after an artificial intelligence-led investment cycle powered demand for advanced manufacturing tools. It also puts the spotlight back on ASML’s order pipeline, a closely watched read-through for the wider semiconductor equipment sector. Reuters Aletheia analyst Warren Lau said