ACM Research price target raised to $25 from $20 at Roth MKM

Roth MKM raised the firm’s price target on ACM Research (ACMR) to $25 fro m $20 and keeps a Buy rating on the shares. ACM Research reported preliminary Q4 revenue flat quarter over quarter ahead of a prior implied guide of a 13.3% decline, reflecting resilient demand, the analyst tells investors in a research note. The firm is encouraged that newly provided calendar year revenue guidance of 12%-25% year over year implies continued growth despite increased trade restriction uncertainty.