Roth MKM analyst Suji Desilva raised the firm’s price target on ACM Research to $25 from $20 and keeps a Buy rating on the shares. ACM released preliminary Q4 revenue guidance slightly ahead of prior guidance and CY24 was guided for very strong revenue growth, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ACMR:
- ACM Research Updates 2023 Revenue Outlook and Provides Initial Outlook for 2024 Revenue
- ACM Research sees FY24 revenue $650M-$725M, consensus $669.33M
- ACM Research raises FY23 revenue view to $530M-$545M from $520M-$540M
- ACM Research to Participate in Upcoming Investor Conferences
- ACM Research management to meet virtually with Benchmark
