Benchmark Co. analyst Mark Miller maintained a Hold rating on ACM Research (ACMR) today. The company’s shares closed last Wednesday at $88.55.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 25.9% and a 71.3% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, Western Digital, and MKS Instruments.
Currently, the analyst consensus on ACM Research is a Moderate Buy with an average price target of $117.43, which is a 27.2% upside from current levels. In a report released today, Needham also maintained a Hold rating on the stock.
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ACM Research’s market cap is currently $1.66B and has a P/E ratio of 122.10. The company has a Price to Book ratio of 12.79.
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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.
