ASML stock jumps nearly 9% after analyst U-turn doubles target to $1,500
ASML shares surged 8.7% to $1,163.78 after Aletheia Capital double-upgraded the stock and set a $1,500 price target, citing strong demand for its EUV systems. The Philadelphia SE Semiconductor index rose 4% as chip stocks rallied. Applied Materials, Lam Research, and KLA also posted gains. ASML will report Q4 and full-year results on Jan. 28.