Needham Reiterates Buy on ACM Research, Maintains $18 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Quinn Bolton has reiterated a 'Buy' rating on ACM Research (NASDAQ:ACMR) and maintained a price target of $18.
August 07, 2023 | 9:50 am
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ACM Research's stock rating has been reiterated as 'Buy' by Needham analyst Quinn Bolton, with a maintained price target of $18.
The reiteration of a 'Buy' rating by a reputable analyst like Quinn Bolton from Needham is a positive signal for ACM Research. The maintained price target of $18 indicates that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100