ACM Research stock soared 21% after beating Q4 earnings estimates and receiving a price target raise.
From StockTwits: 2025-02-27 01:12:11
ACM Research Inc. (ACMR) stock soared 21% after beating Q4 earnings estimates, with EPS at $0.56 compared to $0.40 expected. Revenue reached $223.5 million, up 31% YoY. Full-year EPS was $2.26, exceeding analyst estimates of $1.85, with revenue hitting $782 million. CEO Dr. David Wang highlighted market share gains and the opening of a new production facility in China. ACM also achieved process qualification at two semiconductor customers in China. Analysts raised the stock price target to $40, a 44% upside, and retail chatter on Stocktwits surged 571% with sentiment turning ‘extremely bullish’. ACMR stock has surged 78% YTD and 28% in one year.
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