Goldman Sachs analyst Alexander Duval upgraded ASML Holding NV to Conviction Buy from Buy with a €930 price target (57.20 percent upside). Duval sees ASML as a “core Digital Enabler” given its monopoly position on Extreme Ultraviolet Lithography. ASML’s de-rating from 29-times price to expected 2025 earnings to 23-times despite improving orders and customer datapoints has created an improved risk-reward. ASML reported fourth-quarter FY21 revenue of €4.99 billion, up 17.2 percent Y/Y missing the consensus. The Q4 net bookings were €7.1 billion. ASML sees Q1 2022 net sales of €3.3 billion – €3.5 billion. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.