Roth Capital analyst Suji Desilva believes ACM Research represents an investment opportunity in a differentiated semiconductor manufacturing tool supplier that can differentiate with advanced technology and steadily gain market share. The analyst notes that ACM Research reiterated its 2022/Q4 2022 prior guidance and guided for very strong revenue growth in 2023, well above his current forecast. He maintains a Buy rating on the shares with a price target of $15 as Q4 tracking as expected and new 2023 guidance implies "rapid and robust recover."
Published first on TheFly
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