Needham raised the firm’s price target on ACM Research to $15 from $12 and keeps a Buy rating on the shares. The company’s Q4 results were better than expected with "record" shipments and growth in mature market spending in China, where strength is expected to continue, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ACMR:
- Acm Research Reported Earnings. Did it Beat Estimates?
- ACM Research Receives Purchase Order for SAPS Tool from Major European Global Semiconductor Manufacturer
- ACM Research receives purchase order for SAPS tool
- ACM Research reaffirms 2023 revenue view $515M-$585M, consensus $511.79M
- ACM Research reports Q4 adjusted EPS 19c, consensus 14c