ACM Research (ACMR) Receives a Rating Update from a Top Analyst

In a report released today, Quinn Bolton from Needham maintained a Buy rating on ACM Research (ACMRResearch Report), with a price target of $10.00. The company’s shares opened today at $9.23.

According to TipRanks, Bolton is a top 25 analyst with an average return of 36.0% and a 67.65% success rate. Bolton covers the Technology sector, focusing on stocks such as Intel, Marvell, and Nova Measuring.

Currently, the analyst consensus on ACM Research is a Moderate Buy with an average price target of $16.67, implying an 80.61% upside from current levels. In a report released on November 7, Benchmark Co. also maintained a Buy rating on the stock with a $32.00 price target.

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ACMR market cap is currently $529.9M and has a P/E ratio of 13.90.

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ACM Research, Inc. engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It operates through the Space Alternated Phase Shift and Timely Energized Bubble Oscillation technology. The company was founded by David H. Wang in January 1998 and is headquartered in Fremont, CA.

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