Home / Business and Economy / Roth Capital Boosts ACM Research Target to $125
Roth Capital Boosts ACM Research Target to $125
28 Jun
Summary
- Roth Capital raised ACM Research's price target to $125.
- Strong demand for ACM's tools in China persists.
- Company aims for global expansion and customer diversification.
Roth Capital recently increased its price target for ACM Research, Inc. (NASDAQ:ACMR) to $125, while reaffirming a Buy rating. This adjustment followed the company's participation in the 16th Roth London Conference.
During the conference, ACM Research's management confirmed robust and ongoing demand for its semiconductor tools within China. This demand is significantly bolstered by China's strategic initiative to expand its share of global semiconductor production.
Roth Capital also noted a broader growth narrative for ACM Research beyond its established presence in China. The firm believes ACM is well-positioned for international expansion, developing both front-end and back-end semiconductor tools.
This product diversification, coupled with efforts to expand its customer base beyond the core China market, signals a strategic move towards global reach for ACM Research.
