Roth MKM raised the firm’s price target on ACM Research (ACMR) to $40 from $25 and keeps a Buy rating on the shares. The company reported revenue and earnings per share for the quarter well ahead of consensus with continued healthy tool shipments and customer demand, the analyst tells investors in a research note. The firm added that it is “encouraged” that ACM Research affirmed continued strong CY25 revenue growth expectations despite geopolitical impacts on the company’s component sourcing needs.
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