Roth MKM raised the firm’s price target on ACM Research to $40 from $25 and keeps a Buy rating on the shares. The company reported Q4 earnings upside, reflecting continued strong underlying demand, the analyst tells investors in a research note. The firm adds that it is also encouraged that ACM Research reaffirmed strong 2024 revenue growth expectations with good visibility.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ACMR:
- ACM Research Reports Fourth Quarter and Fiscal Year 2023 Results
- ACMR Earnings this Week: How Will it Perform?
- ACM Research to Release Fourth Quarter and Fiscal Year 2023 Financial Results on February 28, 2024
- ACM Research Subsidiary Lists on STAR Market
- ACM Research (Shanghai) Proposes Private Share Offering