ACM Research Predicted To Achieve Double-Digit Growth in 2025 Due to Expanding Chip Demand: Analyst
Portfolio Pulse from Anusuya Lahiri
ACM Research Inc (ACMR) is predicted to achieve double-digit growth by 2025, driven by expanding chip demand. Benchmark analyst Mark Miller maintained a Buy rating and raised the price target from $35 to $38. Factors contributing to growth include strong DRAM and NAND demand, significant funding for chip production, geographic expansion, share gains, and new products. Miller projects a 54% top-line and 29% bottom-line growth for 2025, with adjusted EPS of $2.11 on sales of $860 million. ACMR's Q4 fiscal 2023 revenues were $170.3 million, up 56.9% Y/Y. Investors can also gain exposure through Matthews China Discovery Active ETF (MCHS) and ProShares Nanotechnology ETF (TINY). ACMR shares rose 5.45% to $30.81.
March 06, 2024 | 7:40 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ACM Research Inc is expected to see significant growth by 2025, with a raised price target from $35 to $38 by Benchmark analyst Mark Miller. The company's strong Q4 fiscal 2023 performance and positive growth projections contribute to a bullish outlook.
The raised price target and strong Q4 earnings report, along with the analyst's positive growth projections for 2025, indicate a bullish outlook for ACMR, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
Matthews China Discovery Active ETF (MCHS) offers exposure to ACM Research Inc, which is predicted to experience significant growth by 2025.
As MCHS offers exposure to ACMR, the positive growth projections for ACMR could lead to increased investor interest in MCHS, potentially boosting its price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
ProShares Nanotechnology ETF (TINY) provides investors with exposure to ACM Research Inc, which is anticipated to see robust growth by 2025.
Given TINY's exposure to ACMR, the optimistic growth outlook for ACMR may attract more investors to TINY, potentially leading to a positive impact on its price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70