Needham Maintains Buy on ACM Research, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has reaffirmed a Buy rating on ACM Research (NASDAQ:ACMR) and increased the price target from $18 to $24, indicating a positive outlook on the company's stock.

January 10, 2024 | 11:16 am
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Needham analyst Quinn Bolton maintains a Buy rating on ACM Research and raises the price target from $18 to $24, suggesting a bullish stance on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can lead to increased investor confidence. This positive endorsement is likely to have a favorable impact on ACM Research's stock price in the short term as investors may react to the raised target and Buy rating.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100