BofA cuts target to USD 2,858 for ASML Holding stock

Published on 10/16/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 sales reached EUR 11.66 billion at a 57.50 percent margin. ASML Holding stock costs EUR 1,479.80 on October 16, 2026, above its Xetra close.

Target revision and reporting dates

Bank of America lowered its ASML target to USD 2,858 from USD 2,915 on October 15, 2026.
Third-quarter sales reached EUR 11.66 billion and gross margin was 57.50 percent in the third quarter of 2026.
ASML Holding stock trades at EUR 1,479.80 at 10:19 a.m. CEST at Lang & Schwarz on October 16, 2026, 1.68 percent above the Xetra close of October 15, 2026.
ASML expects to publish fourth-quarter and full-year 2026 results on January 27, 2027.

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ASML Holding (ISIN NL0010273215) received a lower Bank of America target of USD 2,858 from USD 2,915 on October 15, 2026, while its third-quarter sales reached EUR 11.66 billion. Markets Insider reported that the bank kept its Buy rating. The target revision adds a valuation counterpoint to ASML's strong operating update.

Bank of America trims its target

The October 15 target cut followed ASML's third-quarter results, but the revised USD 2,858 target remains above the USD 2,350 target reported for JPMorgan in the same market update. Bank of America retained its Buy rating, making the target change more cautious than a full rating reversal.

What does the outlook mean for margins?

ASML reported third-quarter 2026 total net sales of EUR 11.66 billion, gross margin of 57.50 percent and net income of EUR 5.00 billion. The company expects fourth-quarter 2026 sales of EUR 14.20 billion to EUR 15.20 billion and gross margin around 57.00 percent. Its full-year 2026 sales outlook is EUR 44.00 billion to EUR 45.00 billion, with gross margin around 56.00 percent, according to the company's October 14 release. ASML Compared with second-quarter 2026 sales of EUR 9.33 billion, third-quarter sales were EUR 2.33 billion higher, or 25.00 percent.

Three dates frame the stock

On October 6, 2026, Barclays raised its target to EUR 2,450 from EUR 2,400, according to Price Target. On October 14, 2026, ASML reported third-quarter sales of EUR 11.66 billion and net income of EUR 5.00 billion. On October 15, 2026, Bank of America lowered its target to USD 2,858 from USD 2,915.

Next results date is January 27

ASML's investor calendar lists January 27, 2027, for fourth-quarter and full-year 2026 results, followed by April 28, 2027, for first-quarter results. ASML These dates put the next margin and sales update ahead of the first-quarter reporting cycle.

Stock trades above the Xetra close

ASML Holding stock was trading at EUR 1,479.80 at Lang & Schwarz on October 16, 2026, at 10:19 a.m. CEST. That was 1.68 percent above the Xetra close of October 15, 2026, at EUR 1,455.40. The quote places the current German-market indication alongside a target revision and a raised full-year sales outlook. The further course of trading is shown by the continuously updated real-time quote of ASML Holding stock.