Benchmark analyst Mark Miller maintained ACM Research Inc (NASDAQ:ACMR) with a Buy and raised the price target from $35 to $38. The stock price climbed after the re-rating.
Miller noted several factors contributing to double-digit growth in 2025 for ACM Research.
The factors included strong DRAM demand driven by HBM opportunities, a recovery in NAND demand, $100 billion in combined funding by the U.S., Europe, and Japan for internal chip production, geographic expansion of demand, share gains, and new products.
As per the analyst, R&D ...Full story available on Benzinga.com
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