1 Wall Street Analyst Thinks ASML Stock Is Going to $1,000. Is It a Buy Around $872? [Yahoo! Finance]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance
Investors kept piling into the stock of the semiconductor equipment specialist as they thought it would ride the hot technology of our day -- artificial intelligence (AI) -- to ever-greater heights. But then came the company's first-quarter earnings report in mid-April. Currently in the midst of a strategic transition, ASML reported a double-digit plunge in both revenue and per-share earnings. That once high-flying stock began to dive, and it hasn't yet regained altitude. Yet analysts tracking its fortunes continue to believe in it; one bull can foresee it gaining nearly 15% in price when it starts flying again. ASML bull stays steady on the stock That analyst is Jim Kelleher of Argus, who weighed in on ASML several days after the company posted those at-first-glance disappointing quarterly figures . Undaunted, Kelleher reiterated his buy recommendation on the highly specialized chip stock and $1,000 price target, which implies the double-digit upside mentioned above. While th
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