Roth MKM Maintains Buy on ACM Research, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva has reaffirmed a Buy rating on ACM Research (NASDAQ:ACMR) and increased the price target from $20 to $25.
January 10, 2024 | 6:33 pm
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Roth MKM analyst Suji Desilva maintains a Buy rating on ACM Research and raises the price target from $20 to $25, indicating a positive outlook 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, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100