Goldman Sachs Raised Its ASML Price Target to €2,000: Here's What Drove the 72% Surge in 2026
Goldman Sachs raised its ASML price target to €2,000 in July 2026, the latest in a series of upgrades that has tracked ASML's roughly 72% year to date share price surge. The €2,000 target appears in a July 1, 2026 flash report but has not yet been confirmed by a full Goldman Sachs research note.
Published byEdited with DeepSeek-V4-FlashImages generated with GPT Image 1.5
Goldman Sachs raised its ASML price target to €2,000 in July 2026, the latest in a series of upgrades that has tracked ASML's roughly 72% year to date share price surge.
The €2,000 target appears in a July 1, 2026 flash report but has not yet been confirmed by a full Goldman Sachs research note.
ASML now expects full year 2026 net sales of €36–€40 billion, up from the prior forecast of €34–€39 billion.
Search & fact-check with cited sources for What factors led Goldman Sachs to raise its ASML price target to €2,000, how does this fit into tGoldman Sachs has raised its ASML price target to €2,000, the latest in a series of upgrades that tracked ASML's roughly 72% year-to-date rally in 2026.
AI Prompt
Create a landscape editorial hero image for this Studio Global article: Search & fact-check with cited sources for What factors led Goldman Sachs to raise its ASML price target to €2,000, how does this fit into t. Article summary: Here are the fact-checked answers to each of your questions, sourced from the latest evidence.. Topic tags: general, general web, news, user generated. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fake numbers, clickbait thumbnails, icons, and tiny thumbnail layouts. Make it useful as an illustrative visual, not as fa
openai.com
ASML Holding (ASML.AS) has been one of the standout performers in global markets in 2026, with its share price surging roughly 72% year-to-date. A key driver of that momentum has been a series of price-target upgrades from Goldman Sachs, culminating in a reported target of €2,000 in early July. This article fact-checks the upgrade sequence, examines the catalysts behind ASML's rally, and lays out the company's updated financial outlook.
Goldman Sachs' €2,000 Price Target: What's Confirmed and What Isn't
A flash report dated July 1, 2026, states that Goldman Sachs raised its ASML price target from €1,770 to €2,000 . However, as of the available sources, this figure has not appeared in a full, publicly published Goldman Sachs research note. It may be a preliminary flash, a consensus average, or a target from a different bank. The most recent fully documented Goldman Sachs action was on June 11, 2026, when the bank lifted targets for a basket of European chipmakers, raising ASML to €1,770 from €1,600 .
The Goldman Sachs Upgrade Series Over the Past Year
Goldman Sachs has issued at least four sequential upgrades on ASML since late 2025, maintaining a Buy rating throughout:
Studio Global AI
Continue your research
This page includes a source-backed answer you can continue inside Studio Global.
What is the short answer to "Goldman Sachs Raised Its ASML Price Target to €2,000: Here's What Drove the 72% Surge in 2026"?
Goldman Sachs raised its ASML price target to €2,000 in July 2026, the latest in a series of upgrades that has tracked ASML's roughly 72% year to date share price surge.
What are the key points to validate first?
Goldman Sachs raised its ASML price target to €2,000 in July 2026, the latest in a series of upgrades that has tracked ASML's roughly 72% year to date share price surge. The €2,000 target appears in a July 1, 2026 flash report but has not yet been confirmed by a full Goldman Sachs research note.
What should I do next in practice?
ASML now expects full year 2026 net sales of €36–€40 billion, up from the prior forecast of €34–€39 billion.
Goldman Sachs Raised Its ASML Price Target to €2,000: Here's What Drove the 72% Surge in 2026
Goldman Sachs raised its ASML price target to €2,000 in July 2026, the latest in a series of upgrades that has tracked ASML's roughly 72% year to date share price surge. The €2,000 target appears in a July 1, 2026 flash report but has not yet been confirmed by a full Goldman Sachs research note.
Published byEdited with DeepSeek-V4-FlashImages generated with GPT Image 1.5
Goldman Sachs raised its ASML price target to €2,000 in July 2026, the latest in a series of upgrades that has tracked ASML's roughly 72% year to date share price surge.
The €2,000 target appears in a July 1, 2026 flash report but has not yet been confirmed by a full Goldman Sachs research note.
ASML now expects full year 2026 net sales of €36–€40 billion, up from the prior forecast of €34–€39 billion.
Search & fact-check with cited sources for What factors led Goldman Sachs to raise its ASML price target to €2,000, how does this fit into tGoldman Sachs has raised its ASML price target to €2,000, the latest in a series of upgrades that tracked ASML's roughly 72% year-to-date rally in 2026.
AI Prompt
Create a landscape editorial hero image for this Studio Global article: Search & fact-check with cited sources for What factors led Goldman Sachs to raise its ASML price target to €2,000, how does this fit into t. Article summary: Here are the fact-checked answers to each of your questions, sourced from the latest evidence.. Topic tags: general, general web, news, user generated. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fake numbers, clickbait thumbnails, icons, and tiny thumbnail layouts. Make it useful as an illustrative visual, not as fa
openai.com
ASML Holding (ASML.AS) has been one of the standout performers in global markets in 2026, with its share price surging roughly 72% year-to-date. A key driver of that momentum has been a series of price-target upgrades from Goldman Sachs, culminating in a reported target of €2,000 in early July. This article fact-checks the upgrade sequence, examines the catalysts behind ASML's rally, and lays out the company's updated financial outlook.
Goldman Sachs' €2,000 Price Target: What's Confirmed and What Isn't
A flash report dated July 1, 2026, states that Goldman Sachs raised its ASML price target from €1,770 to €2,000 . However, as of the available sources, this figure has not appeared in a full, publicly published Goldman Sachs research note. It may be a preliminary flash, a consensus average, or a target from a different bank. The most recent fully documented Goldman Sachs action was on June 11, 2026, when the bank lifted targets for a basket of European chipmakers, raising ASML to €1,770 from €1,600 .
The Goldman Sachs Upgrade Series Over the Past Year
Goldman Sachs has issued at least four sequential upgrades on ASML since late 2025, maintaining a Buy rating throughout:
Studio Global AI
Continue your research
This page includes a source-backed answer you can continue inside Studio Global.
What is the short answer to "Goldman Sachs Raised Its ASML Price Target to €2,000: Here's What Drove the 72% Surge in 2026"?
Goldman Sachs raised its ASML price target to €2,000 in July 2026, the latest in a series of upgrades that has tracked ASML's roughly 72% year to date share price surge.
What are the key points to validate first?
Goldman Sachs raised its ASML price target to €2,000 in July 2026, the latest in a series of upgrades that has tracked ASML's roughly 72% year to date share price surge. The €2,000 target appears in a July 1, 2026 flash report but has not yet been confirmed by a full Goldman Sachs research note.
What should I do next in practice?
ASML now expects full year 2026 net sales of €36–€40 billion, up from the prior forecast of €34–€39 billion.
January 18, 2026: Reiterated Buy with a target of €980, citing strong Q4 2025 order intake and positive customer demand signals .
April 16, 2026: Raised target from €1,450 to €1,570 after ASML's Q1 beat and upgraded full-year guidance .
May 13, 2026: Raised target to €1,600, citing strong AI-driven semiconductor demand and arguing ASML was "significantly undervalued" relative to peers .
June 11, 2026: Raised target to €1,770 alongside upgrades for ASM International, BE Semiconductor, and Nebius, citing positive industry data points .
July 1, 2026: Flash report indicates a further raise to €2,000.
Each upgrade has correlated directly with improving order books, AI infrastructure announcements, and upward revenue revisions from ASML itself.
Key Drivers Behind ASML's ~72% Year-to-Date Surge
Multiple catalysts have converged to drive ASML's 2026 rally:
AI Infrastructure Spending
Generative AI has triggered massive investment in advanced chips, boosting demand for ASML's extreme ultraviolet (EUV) lithography systems — the only equipment capable of producing the most advanced AI processors . TSMC, ASML's largest customer, announced a $54 billion capex plan for 2026, up 32% year-over-year .
Record SK Hynix Order
In Q4 2025, SK Hynix placed a massive ~$7.97 billion (12 trillion Korean won) order for ASML EUV equipment spanning through fiscal 2027 . This helped drive ASML's Q4 2025 bookings to a record €13.2 billion, nearly double analyst estimates of €6.95 billion . SK Hynix also announced a "considerable increase" in capital expenditure .
Memory Capacity Expansion
Memory chip giants Samsung, SK Hynix, and Micron are ramping production of high-bandwidth memory (HBM) for AI accelerators, requiring ASML's lithography tools . As one analyst noted, "the recent surge in the semiconductor sector has primarily been fueled by the memory segment rather than logic chips" .
Strong Q1 2026 Beat & Guidance Raise
ASML reported Q1 2026 revenue of €8.8 billion (above consensus of €8.5 billion) and net income of €2.8 billion (above consensus of €2.54 billion) . The company raised its full-year outlook, confirming the demand story .
Broad Analyst Upgrades
Beyond Goldman Sachs, UBS and Deutsche Bank both raised their ASML targets to €1,600 in April 2026 . The series of Wall Street target increases has provided sustained positive sentiment.
ASML's Updated 2026 Revenue Outlook
Following its Q1 2026 beat, ASML raised its full-year 2026 guidance:
Total net sales: €36 billion to €40 billion (up from the prior range of €34 billion to €39 billion) .
Gross margin: 51% to 53% (unchanged from prior range) .
Q2 2026 guidance: Revenue between €8.4 billion and €9.0 billion, with a gross margin of 51%–52% .
For context, ASML generated €32.7 billion in revenue in 2025 with a gross margin of 52.8% . The revised 2026 guidance implies top-line growth of 10% to 22% year-over-year .
Next Earnings Report Date
ASML's next earnings release is scheduled for July 15, 2026 (Q2 2026 results), before the market opens . One source cites July 17, 2026 , but the majority of financial calendars — including MarketBeat, MarketChameleon, Investing.com, MarketScreener, and ASML's own investor relations page — confirm July 15, 2026 . The Q3 2026 report is expected on October 14, 2026 .
January 18, 2026: Reiterated Buy with a target of €980, citing strong Q4 2025 order intake and positive customer demand signals .
April 16, 2026: Raised target from €1,450 to €1,570 after ASML's Q1 beat and upgraded full-year guidance .
May 13, 2026: Raised target to €1,600, citing strong AI-driven semiconductor demand and arguing ASML was "significantly undervalued" relative to peers .
June 11, 2026: Raised target to €1,770 alongside upgrades for ASM International, BE Semiconductor, and Nebius, citing positive industry data points .
July 1, 2026: Flash report indicates a further raise to €2,000.
Each upgrade has correlated directly with improving order books, AI infrastructure announcements, and upward revenue revisions from ASML itself.
Key Drivers Behind ASML's ~72% Year-to-Date Surge
Multiple catalysts have converged to drive ASML's 2026 rally:
AI Infrastructure Spending
Generative AI has triggered massive investment in advanced chips, boosting demand for ASML's extreme ultraviolet (EUV) lithography systems — the only equipment capable of producing the most advanced AI processors . TSMC, ASML's largest customer, announced a $54 billion capex plan for 2026, up 32% year-over-year .
Record SK Hynix Order
In Q4 2025, SK Hynix placed a massive ~$7.97 billion (12 trillion Korean won) order for ASML EUV equipment spanning through fiscal 2027 . This helped drive ASML's Q4 2025 bookings to a record €13.2 billion, nearly double analyst estimates of €6.95 billion . SK Hynix also announced a "considerable increase" in capital expenditure .
Memory Capacity Expansion
Memory chip giants Samsung, SK Hynix, and Micron are ramping production of high-bandwidth memory (HBM) for AI accelerators, requiring ASML's lithography tools . As one analyst noted, "the recent surge in the semiconductor sector has primarily been fueled by the memory segment rather than logic chips" .
Strong Q1 2026 Beat & Guidance Raise
ASML reported Q1 2026 revenue of €8.8 billion (above consensus of €8.5 billion) and net income of €2.8 billion (above consensus of €2.54 billion) . The company raised its full-year outlook, confirming the demand story .
Broad Analyst Upgrades
Beyond Goldman Sachs, UBS and Deutsche Bank both raised their ASML targets to €1,600 in April 2026 . The series of Wall Street target increases has provided sustained positive sentiment.
ASML's Updated 2026 Revenue Outlook
Following its Q1 2026 beat, ASML raised its full-year 2026 guidance:
Total net sales: €36 billion to €40 billion (up from the prior range of €34 billion to €39 billion) .
Gross margin: 51% to 53% (unchanged from prior range) .
Q2 2026 guidance: Revenue between €8.4 billion and €9.0 billion, with a gross margin of 51%–52% .
For context, ASML generated €32.7 billion in revenue in 2025 with a gross margin of 52.8% . The revised 2026 guidance implies top-line growth of 10% to 22% year-over-year .
Next Earnings Report Date
ASML's next earnings release is scheduled for July 15, 2026 (Q2 2026 results), before the market opens . One source cites July 17, 2026 , but the majority of financial calendars — including MarketBeat, MarketChameleon, Investing.com, MarketScreener, and ASML's own investor relations page — confirm July 15, 2026 . The Q3 2026 report is expected on October 14, 2026 .
odaily.newsGoldman Sachs: Raises ASML Price Target from € 1,770 to € 2,000
in.investing.comGoldman lifts targets for European chipmakers on recent positive ...
ca.investing.comASML Holding's Strong Q4 results leads to Goldman Sachs Buy rating By Investing.com
investing.comGoldman Sachs raises ASML stock price target to €1,570 on strong results By Investing.com