Roth MKM Maintains Buy on ACM Research, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva maintains a Buy rating on ACM Research (NASDAQ:ACMR) but lowers the price target from $40 to $30.
August 08, 2024 | 2:37 pm
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NEUTRAL IMPACT
Roth MKM analyst Suji Desilva maintains a Buy rating on ACM Research but lowers the price target from $40 to $30.
The maintained Buy rating suggests continued confidence in ACM Research's long-term prospects. However, the lowered price target indicates some concerns or adjustments in expectations, which could lead to mixed short-term reactions in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100