Benchmark Co. analyst Mark Miller reiterated a Buy rating on ACM Research Inc (ACMR) today and set a price target of $16. The company’s shares closed yesterday at $12.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 22.3% and a 69.2% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
ACM Research Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18, representing a 50.0% upside. In a report released yesterday, Roth Capital also maintained a Buy rating on the stock with a $20 price target.
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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 36.67K.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACMR in relation to earlier this year.
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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.
