Analyst Mark Miller from Benchmark Co. maintained a Buy rating on ACM Research (ACMR – Research Report) and keeping the price target at $38.00.
Mark Miller’s rating is based on ACM Research’s strong financial performance and strategic market positioning. The company has consistently delivered impressive results, with a notable increase in cleaning revenues and a significant share in the Chinese cleaning and plating market. This growth trajectory is expected to continue, with projected non-GAAP earnings and sales growth in the coming years.
Furthermore, ACM Research has successfully qualified new tools with major customers, indicating strong demand and customer acceptance of its products. The impact of tariffs is anticipated to be minimal, which supports the company’s positive outlook. These factors collectively justify the Buy rating and the target price of $38.
According to TipRanks, Miller is a 5-star analyst with an average return of 12.6% and a 49.49% success rate. Miller covers the Technology sector, focusing on stocks such as Western Digital, Nova, and ACM Research.