ACM Research (ACMR – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Mark Miller from Benchmark Co. maintained a Buy rating on the stock and has a $38.00 price target.
Mark Miller’s rating is based on ACM Research’s positive revenue outlook and strategic positioning. The company has projected preliminary unaudited revenue for the first quarter of 2025 to be between $165 million and $170 million, indicating a year-over-year growth of 8.4% to 11.7%. This aligns closely with the consensus sales estimate, showcasing the company’s ability to meet market expectations.
Furthermore, despite a temporary decline in total shipments due to customer pull-ins in the previous quarter, ACM Research anticipates a return to growth in the second quarter of 2025. The reaffirmation of their full-year revenue outlook, ranging from $850 million to $950 million, suggests a robust growth potential of 9% to 21% year-over-year. These factors collectively contribute to Mark Miller’s Buy rating for ACM Research, reflecting confidence in the company’s future performance.