ACM Research upgraded to Buy at Craig-Hallum yesterday

As previously reported, Craig-Hallum analyst Christian Schwab upgraded ACM Research (ACMR) to Buy from Hold with a price target of $36, up from $18. The company reported “strong” Q4 results ahead of the company’s already positively pre-released figures and reiterated its 2025 revenue outlook, noted the analyst. Management continues to believe the recent addition of the company’s Shanghai subsidiary to the U.S. Entity List in December will not be a significant interruption to its business and the firm has increased confidence the company can continue to navigate restrictions and drive ongoing growth, the analyst told investors.