Benchmark Co. analyst Mark Miller maintained a Buy rating on ACM Research (ACMR – Research Report) today and set a price target of $38.00.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Mark Miller has given his Buy rating due to a combination of factors including ACM Research’s significant market opportunities and strategic geographic expansion. The company boasts a substantial $18 billion serviceable available market (SAM), with a diverse range of products such as cleaning tools, plating, and PECVD tools. These offerings are currently being evaluated in China, with potential qualifications expected soon.
Additionally, ACM’s commitment to expanding its presence in the U.S. and Korea, along with its established operations in Europe, positions the company for growth. The firm also benefits from its majority ownership in ACM Shanghai, which has been financially rewarding through dividends. With a promising outlook for shipment growth in 2025 and a long-term sales model targeting $3 billion, ACM Research demonstrates strong potential for future success.