Goldman Sachs Maintains Neutral on ACM Research, Raises Price Target to $22.1
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Allen Chang has maintained a Neutral rating on ACM Research (NASDAQ:ACMR) and increased the price target from $19.5 to $22.1.

January 11, 2024 | 1:53 pm
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Goldman Sachs has maintained a Neutral rating on ACM Research and raised the price target to $22.1, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Goldman Sachs typically suggests a positive reassessment of the company's value and future performance. While the rating remains Neutral, the raised target may lead to increased investor confidence and a potential short-term uplift in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100