ACM Research (ACMR – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Mark Miller from Benchmark Co. maintained a Buy rating on the stock and has a $38.00 price target.
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Mark Miller’s rating is based on ACM Research’s positive revenue outlook and strategic positioning. The company has projected preliminary unaudited revenue for the first quarter of 2025 to be between $165 million and $170 million, indicating a year-over-year growth of 8.4% to 11.7%. This aligns closely with the consensus sales estimate, showcasing the company’s ability to meet market expectations.
Furthermore, despite a temporary decline in total shipments due to customer pull-ins in the previous quarter, ACM Research anticipates a return to growth in the second quarter of 2025. The reaffirmation of their full-year revenue outlook, ranging from $850 million to $950 million, suggests a robust growth potential of 9% to 21% year-over-year. These factors collectively contribute to Mark Miller’s Buy rating for ACM Research, reflecting confidence in the company’s future performance.