ACM Research price target raised to $70 from $40 at Roth Capital

Roth Capital analyst Suji Desilva raised the firm’s price target on ACM Research (ACMR) to $70 from $40 and keeps a Buy rating on the shares. The company reported a Q4 seasonal revenue decline consistent with consensus expectations, and the firm is encouraged by the strong double-digit 2026 revenue growth guidance, with new customers in new geographies contributing along with core China demand strength, the analyst tells investors in a research note.