Benchmark Co. analyst Mark Miller reiterated a Buy rating on ACM Research Inc (NASDAQ: ACMR) today and set a price target of $16. The company’s shares closed yesterday at $13.74.
According to TipRanks.com, Miller is a top 25 analyst with an average return of 26.1% and a 73.1% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
Currently, the analyst consensus on ACM Research Inc is a Moderate Buy with an average price target of $16.
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The company has a one-year high of $15.60 and a one-year low of $4.74. Currently, ACM Research Inc has an average volume of 92.71K.
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ACM Research, Inc. engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It operates through the Space Alternated Phase Shift and Timely Energized Bubble Oscillation technology. The company was founded by David H. Wang in January 1998 and is headquartered in Fremont, CA.
