Erste Group Downgrades ASML to Hold, Citing Downside Risk to 2026 Outlook

ASML
September 21, 2025
Erste Group analyst Hans Engel downgraded ASML's stock from Buy to Hold, citing 'downside risk to 2026 business outlook.' This action reflects growing concerns about the company's future growth trajectory. The downgrade follows ASML's own cautious statements regarding its 2026 growth prospects, which it could not confirm due to increasing macroeconomic and geopolitical uncertainties. The firm expects ASML's revenue and profit growth to be lower in 2026 compared to 2025. This analyst action reinforces market scrutiny over ASML's ability to navigate external pressures and maintain its historical growth rates in the coming years, despite its technological leadership. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.