Benchmark Boosts ACM Research (NASDAQ:ACMR) Price Target to $38.00

Benchmark has recently boosted its price target for ACM Research (ACMR) from $25.00 to $38.00. This increase in the price target reflects the company's strong financial performance and growth prospects.

ACM Research is a leading provider of advanced materials characterization solutions, including atomic force microscopy (AFM), X-ray photoelectron spectroscopy (XPS), and other techniques used in research and development across various industries such as pharmaceuticals, electronics, and energy. The company's products are widely used in academic and industrial research, and its revenue has been consistently growing over the past few years.

In addition to its strong financial performance, ACM Research also has a solid growth outlook. The company is expanding its product offerings and entering new markets, such as the life sciences and biomedical industries. It is also investing in research and development to improve its existing products and develop new ones. These factors are expected to drive revenue growth and increase the company's market share.

Overall, Benchmark's decision to boost its price target for ACM Research reflects the company's strong financial performance and growth prospects. The $38.00 price target is based on a multiple of the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) and reflects the company's expected future growth potential.