Benchmark Co. analyst Mark Miller has maintained their bullish stance on ACMR stock, giving a Buy rating today.
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Mark Miller’s rating is based on ACM Research’s expected growth in 2026, despite a recent decline in earnings due to lower margins and inventory provisions. The company has narrowed its 2025 sales forecast, projecting a 17% year-over-year sales growth at the midpoint. Additionally, ACM Research’s strong financial position is highlighted by its cash and cash equivalents, which increased significantly by the end of the third quarter.
Furthermore, ACM Research is experiencing strong global customer engagement in its advanced packaging technology, which is expected to drive future growth. The company’s new products and the continued high demand for chips are anticipated to contribute to a 14% growth in the bottom line in 2026. These factors support the Buy rating, with a target price increase to $45 from $38.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $40.00 price target.