Can ASML Stock Hit $2,623? Bernstein Thinks So
TLDR
- Sands Capital’s Global Growth Fund highlighted ASML as a key contributor in Q2 2026, with the fund returning 22.2% for the quarter.
- ASML closed at $1,714.88 on September 4, up 115% over the past 52 weeks, with a market cap of around $651 billion.
- Trans Canada Capital made a new $28.64 million investment in ASML, making it the firm’s fifth-largest portfolio position.
- Bernstein raised its price target on ASML to $2,623, while the average analyst target sits at $1,970.33 with a “Moderate Buy” consensus.
- 140 hedge funds held ASML at the end of Q2 2026, up from 133 the previous quarter.
ASML closed at $1,714.88 on September 4, 2026, and has gained over 115% in the past 52 weeks. The stock has traded between $786.75 and $1,999.96 over that period.
Sands Capital Global Growth Fund put ASML in the spotlight in its Q2 2026 investor letter. The fund returned 22.2% for the quarter, outpacing the MSCI All Country World Index’s 14.9%.
The fund pointed to AI as the core driver. More advanced chips require more lithography steps, and ASML makes the machines that do that work.
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