ACM Research Is Expanding Customer Base And Gaining Market Traction, Analysts Observe
Portfolio Pulse from Anusuya Lahiri
ACM Research Inc (NASDAQ:ACMR) has been reiterated with a Buy rating by Benchmark and Needham analysts, with price targets of $32 and $18 respectively. The company posted strong 2Q23 results and maintained its sales guidance range of $515 million - $585 million for the year. The firm is expanding its customer base in the U.S. and Europe and is gaining market traction. It is also on track with international expansion and is acquiring land for a new R&D and production center to serve the Korean market better.
August 07, 2023 | 6:43 pm
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ACM Research Inc (NASDAQ:ACMR) has been reiterated with a Buy rating by Benchmark and Needham analysts, indicating a positive outlook for the company. The firm's strong 2Q23 results and maintained sales guidance, along with its expansion plans, are likely to boost investor confidence.
The positive rating from analysts, strong 2Q23 results, and expansion plans indicate a positive outlook for ACM Research Inc. This is likely to boost investor confidence and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100