Nomura analyst Donnie Teng maintained a Buy rating on ACM Research (NASDAQ:ACMR) on Wednesday, setting a price target of $125, which is approximately 38.92% above the present share price of $89.98.
Teng expects ACM Research to post earnings per share (EPS) of $0.47 for the first quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in ACM Research, with an average price target of $117.43.
The analysts price targets range from a high of $134 to a low of $98.15.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $47.67 million and a net profit of $7.51 million. The company's market cap is $1.66 billion.
According to TipRanks.com, Nomura analyst Donnie Teng is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 43.9% and a 62.50% success rate.
ACM Research, Inc. engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It operates through the Space Alternated Phase Shift and Timely Energized Bubble Oscillation technology. The company was founded by David H. Wang in January 1998 and is headquartered in Fremont, CA.