In a report released yesterday, Mark Miller from Benchmark Co. maintained a Buy rating on ACM Research (ACMR), with a price target of $50.00. The company’s shares closed last Monday at $38.72.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 22.2% and a 68.6% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Onto Innovation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ACM Research with a $42.57 average price target.
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Based on ACM Research’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $8.78 million. In comparison, last year the company had a net profit of $2.29 million.
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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.
