In a report released today, Christian Schwab from Craig-Hallum maintained a Buy rating on ACM Research (ACMR – Research Report). The company’s shares closed yesterday at $19.23.
According to TipRanks, Schwab is a 5-star analyst with an average return of 16.8% and a 62.74% success rate. Schwab covers the Technology sector, focusing on stocks such as Flex, Lantronix, and Nokia.
ACM Research has an analyst consensus of Strong Buy, with a price target consensus of $27.00.
See the top stocks recommended by analysts >>
Based on ACM Research’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $168.57 million and a net profit of $25.68 million. In comparison, last year the company earned a revenue of $133.71 million and had a net profit of $21 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ACM Research (ACMR) Company Description:
ACM Research, Inc. engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It operates through the Space Alternated Phase Shift and Timely Energized Bubble Oscillation technology. The company was founded by David H. Wang in January 1998 and is headquartered in Fremont, CA.
Read More on ACMR:
- ACM Research to Release Fourth Quarter and Fiscal Year 2023 Financial Results on February 28, 2024
- ACM Research Subsidiary Lists on STAR Market
- ACM Research (Shanghai) Proposes Private Share Offering
- ACM Research’s Operating Subsidiary ACM Research (Shanghai) Announces Proposed Private Offering of Ordinary Shares
- 3 Best Stocks to Buy Now, 1/11/2024, According to Top Analysts
