AlphaValue/Baader Europe Lifts Estimates for ASM International Amid Faster Semiconductor Spend Expectations

MT Newswires · 2d ago
04:28 AM EDT, 07/16/2026 (MT Newswires) -- AlphaValue/Baader Europe raised its revenue growth forecasts for ASM International (ASM.AS), noting investments in wafer fabrication are accelerating at a pace faster than the research firm's initial projections. "Following the outstanding ASML Q2 results, we have increased our estimates for revenue growth for ASM International as a read across, as we think wafer fab investments are being deployed at a much faster rate than we previously expected," according to a Wednesday note. Accordingly, analysts boosted their full-year 2026 and 2027 revenue forecasts to 4 billion euros and 5 billion euros, respectively, from 3.8 billion euros and 4.6 billion euros. AlphaValue/Baader Europe has a reduce rating and price target of 988 euros on the stock.