Roth Capital Raises ACM Research Price Target to $50, Maintains 'Buy' Rating

Roth Capital has raised its price target for ACM Research (ACMR) from $40 to $50, a 25% increase, and maintained a "Buy" rating. The firm's analyst, Suji Desilva, expects ACMR to capitalize on market opportunities and grow its market share. ACM Research supplies advanced equipment for the semiconductor industry, including wet-cleaning and front-end processing tools. The average one-year price target is $38.93, with a high estimate of $50 and a low of $30.

In a recent move, Roth Capital has elevated its price target for ACM Research, Inc. (ACMR) from $40 to $50, marking a 25% increase. The firm has maintained a "Buy" rating, reflecting its bullish outlook on the company's prospects. Analyst Suji Desilva expects ACMR to capitalize on market opportunities and expand its market share within the semiconductor industry.

ACM Research, Inc. specializes in supplying advanced equipment for semiconductor manufacturing, including wet-cleaning and front-end processing tools. The company's stock has shown robust performance, with a 33.84% gain prior to the latest trading session, significantly outpacing the broader market indices.

The latest consensus estimates project ACMR's earnings per share (EPS) to be $0.47 for the upcoming quarter, reflecting a 25.4% decrease from the same period last year. Revenue is projected to reach $252.86 million, representing a 23.96% increase from the prior-year quarter. For the entire year, the Zacks Consensus Estimates forecast earnings of $2 per share and revenue of $917.26 million, indicating changes of -11.5% and +17.28%, respectively, compared to the previous year ACM Research, Inc. (ACMR) Outpaces Stock Market Gains: What You Should Know^[1].

The company's valuation remains relatively stable, with a Forward P/E ratio of 18.89, which aligns with the industry average. The Semiconductor Equipment - Material Services industry, of which ACMR is a part, is currently ranked 101 out of 250+ industries by Zacks, placing it in the top 41% ACM Research, Inc. (ACMR) Outpaces Stock Market Gains: What You Should Know^[2].

Investors should closely monitor ACMR's upcoming earnings disclosure and any modifications to analyst estimates, as these changes can significantly impact near-term stock performance. The Zacks Rank system, which takes estimate revisions into account, currently rates ACMR as a "Hold," but this may change based on future developments.