Is ASML Stock Going to $848? 1 Wall Street Analyst Thinks So.

One of the most attractive bargains in the tech sector these days is Netherlands-based chipmaking equipment specialist ASML (NASDAQ: ASML). At least, that's according to one analyst tracking the stock.In early December, BNP Paribas Exane's Jakob Bluestone reinstated his coverage of the beaten-down stock with a very bullish recommendation and ambitious price target. This might look a bit too ambitious to some investors, but I think this fresh review of the company is realistic.ASML specializes in the precision lithography machines that essentially print chips; in fact, it's the sole business in the world providing these devices. As such, its client list reads like a Who's Who of chip industry heavyweights -- for instance, sector powerhouse Taiwan Semiconductor Manufacturing is a customer. That alone provides a solid foundation for ASML's business.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool