Goldman Sachs raises ASML's target price to 2,000 euros, Micron and Samsung's capital expenditure expectations revised upwards

According to research by Trend Research, Goldman Sachs raised ASML's 12-month target price from 1,770 euros to 2,000 euros on July 1, maintaining a "buy" rating. This represents approximately 16.2% upside from the closing price of 1,721.40 euros. This adjustment is based on upward revisions to capital expenditure expectations from Micron and Samsung: Micron has provided a fiscal year 2027 capital expenditure guidance of about $50 billion, while Samsung announced an investment plan of approximately 2,450 trillion KRW from 2026 to 2040, with around 76% allocated to semiconductors. Goldman Sachs expects the Chinese market to absorb current capacity this year and anticipates a new wave of equipment orders in 2027.