ACM Research

ACMR · NASDAQ

$54.96−$1.13 (−2.01%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $56.09

ACMR analyst rating

BuyConsensus of 4 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy4
Hold0
Underperform0
Sell0

12-month price target · 9 analysts

Average $115.77 (+110.6% upside)

Low: $75.75
Now: $54.96
High: $174.30

Upgrades and downgrades

The latest rating actions, newest first

ACMR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Daiwa Capital	Aug 26, 2026	Initiates	Buy	$136.00	0%
Morgan Stanley	Jun 24, 2026	Maintains	Overweight	$90.00 → $130.00	44%
Roth Capital	Jun 18, 2026	Maintains	Buy	$100.00 → $125.00	47%
Seaport Global	May 5, 2026	Initiates	Buy	$75.00	48%

The case for and against

Updated Mar 20, 2026

Bull case

ACM Research Inc. is well-positioned for future growth due to its robust backlog, which has reached $1.27 billion, reflecting a year-over-year increase of 34.1%. The continued expansion of semiconductor capacity in Mainland China is expected to sustain demand for the company’s differentiated process solutions, driving projected revenue growth in the coming years. Collectively, these factors suggest a strong outlook for ACMR as its operational performance aligns with the expanding needs of the semiconductor market.

Bear case

The negative outlook on ACM Research Inc. is primarily driven by its vulnerability to fluctuations in semiconductor capital equipment spending cycles, which can significantly impact revenue stability. Additionally, the company's reliance on the macroeconomic conditions in China introduces further risk, as an economic downturn or reduced demand in that region could adversely affect sales. Lastly, limited visibility into near- and intermediate-term tool shipment opportunities raises concerns about future growth prospects and revenue predictability, contributing to a cautious assessment of the stock's performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.