- Needham & Company analyst Quinn Bolton upgraded ACM Research, Inc ACMR from Hold to Buy with a price target of $100, implying an upside of 40.8%.
- Needham upgraded the rating on expanding customer base and valuation.
- ACM Research is engaged in developing, manufacturing, selling single-wafer wet cleaning equipment for semiconductor manufacturers in manufacturing steps to remove particles, contaminants, and other random defects to improve product yield in fabricating advanced integrated circuits or chips.
- Price Action: ACMR shares traded higher by 2.8% at $73.01 in the premarket session on the last check Friday.
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