ACM Research price target raised to $40 from $25 at Roth MKM

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 EPS well ahead of consensus with continued healthy tool shipments and customer demand, and the firm is encouraged that ACM affirmed continued strong 2025 revenue growth expectations despite geopolitical impacts on the company’s component sourcing needs, the analyst tells investors in a research note.