Update shared on09 Oct 2025
Fair value Increased 13%ACM Research's analyst price target has been increased from $36.08 to $40.89. Analysts cite stronger backlog growth, increased confidence in sustained revenue momentum, and improving fundamentals as drivers for their higher valuation outlook.
Analyst Commentary
Bullish analysts have responded positively to ACM Research's recent updates, with several firms raising their price targets and expressing confidence in the company’s near-term growth prospects.
Bullish Takeaways- Recent backlog update highlighted robust year-over-year growth, supporting expectations for continued top-line expansion.
- Momentum in demand, particularly from China’s semiconductor manufacturing sector, is viewed as a key driver of ongoing revenue gains.
- Forecasts for mid- to high-teens year-over-year revenue growth in the coming quarters have been reiterated and reinforced by management guidance.
- Improving fundamentals and sustained execution are perceived as justification for upward price target revisions. This indicates increased conviction in ACM Research’s valuation potential.
What's in the News
- ACM Research, Inc. was added as a constituent to multiple S&P indices, including the S&P 1000, S&P Composite 1500, S&P 600, and S&P 600 Information Technology sector (Key Developments).
- The company launched its first Ultra ECDP Electrochemical Deplating tool. This tool is designed for advanced compound semiconductor manufacturing with features to improve uniformity and reduce cross contamination (Key Developments).
- ACM Research announced the shipment and launch of the Ultra Lith KrF track system. This expands its lithography product line for front-end semiconductor manufacturing with high throughput and advanced process controls (Key Developments).
- Major upgrades were made to the Ultra C wb cleaning tool. These upgrades include new nitrogen bubbling technology to enhance wet etching uniformity and particle removal for advanced-node semiconductor processes (Key Developments).
- ACM Research maintained earnings guidance for fiscal year 2025, expecting revenue between $850 million and $950 million (Key Developments).
Valuation Changes
- Consensus analyst price target (fair value) has risen from $36.08 to $40.89, reflecting higher optimism on ACM Research's outlook.
- Discount rate increased slightly from 10.46% to 10.55%, indicating a marginally higher risk or return expectation among analysts.
- Revenue growth projection moved up from 19.18% to 20.02%, suggesting improved confidence in the company’s ability to expand sales.
- Net profit margin estimate edged up from 13.85% to 13.91%, signaling expectations for modestly enhanced profitability.
- Future price-to-earnings (P/E) ratio estimate increased from 17.55x to 19.44x, pointing to higher valuation multiples anticipated by analysts.
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