ASML Holding NV

ASML: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€334.00	Pmps	Vfvhbswlz

We Are Lowering Our USD-Fair Value for ASML Due to a Stronger Dollar; Litho Firm Remains a Top Pick

Abhinav Davuluri

Aug 29, 2022

Based on recent strengthening of the U.S. dollar relative to the euro (with both currencies effectively at parity), we are lowering our USD-denominated fair value estimate for wide-moat ASML to $696 per share from $761 per share. We are maintaining our EUR-denominated fair value estimate of EUR 696 per share.

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