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Brokers Suggest Investing in ACM Research (ACMR): Read This Before Placing a Bet
Zacks Investment Research· 2024-03-29 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about ACM Research, Inc. (ACMR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.ACM Research currently has an av ...
3 Russell 2000 Stocks to Buy for the Next Bull Run: March 2024
InvestorPlace· 2024-03-29 12:52
Group 1: Russell 2000 Overview - The Russell 2000 index includes the 2000 smallest companies from the Russell 3000, characterized by small cap stocks that often exhibit higher volatility and growth potential [1] - After a period of underperformance due to economic uncertainty, many stocks in the Russell 2000 are currently trading at a discount, presenting potential investment opportunities as earnings improve and the economy recovers [1] Group 2: ACM Research (ACMR) - ACM Research is a leading company in wafer packaging and cleaning for the semiconductor industry, poised to benefit from increasing AI demand [2] - The company reported a 43% year-over-year revenue increase last year, with expectations for revenue growth from $558 million in 2023 to between $650 million and $725 million in 2024 [2] - The semiconductor market is projected to return to growth at an estimated rate of 16.8% in 2024, which will positively impact ACM Research [2] Group 3: Celsius Holdings (CELH) - Celsius Holdings is an American beverage company specializing in energy drinks, ranking first among 17 stocks in the nonalcoholic beverage sector [3] - The company reported a 95% increase in revenue to $347.4 million in Q4 FY2023, with earnings improving from a loss of $0.12 per share to a profit of $0.17 per share [3] - Celsius has a dominant market share of 19.7% on Amazon in 2023, outpacing competitors like Monster and RedBull, and is expanding into international markets [3] Group 4: Abercrombie & Fitch (ANF) - Abercrombie & Fitch operates over 850 stores globally and owns five brands, experiencing a 21% year-over-year sales increase due to higher prices and reduced raw material costs [4] - The company achieved earnings per share of $2.97 in Q4 FY2023, exceeding expectations of $2.83, and reported a remarkable 371% year-over-year growth [5] - Abercrombie & Fitch generated $335 million in profits for 2023, indicating strong profitability and positive shareholder returns [5]
Hidden Gem: This Underfollowed Top Ranked Stock is Integral to the AI Boom
Zacks Investment Research· 2024-03-22 19:16
Although it may seem like Artificial Intelligence stocks are all that’s being talked about these days, the hype is indeed real. AI technology will probably be as significant to the stock market and economy as the internet has been, and the market has been telling us this in bold font.Just look at this popular basket of AI-adjacent stocks and see how significant the market outperformance has been in the last seven months. Even the lowest performing stock has nearly doubled the returns of the broad market ove ...
Wall Street Analysts Think ACM Research (ACMR) Could Surge 25.24%: Read This Before Placing a Bet
Zacks Investment Research· 2024-03-22 14:55
Shares of ACM Research, Inc. (ACMR) have gained 46.7% over the past four weeks to close the last trading session at $30.19, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $37.81 indicates a potential upside of 25.2%.The mean estimate comprises seven short-term price targets with a standard deviation of $2.37. While the lowest estimate of $34 indicates a 12.6% increase from the ...
Why ACM Research Stock Was Diving Today
The Motley Fool· 2024-03-19 17:11
Shares of ACM Research (ACMR -5.88%) were falling sharply today in a broad-based sell-off in artificial intelligence (AI) stocks following Nvidia's GTC Conference kickoff yesterday as the "sell-the-news" event seemed to lead to some of the air coming out of the AI rally. Additionally, ACM also announced a shelf offering, setting it up to sell new shares, though it didn't say how much it was planning to sell.Investors tend to react poorly to secondary offerings as they dilute existing shareholders and may si ...
3 Growth Stocks Poised to Triple in the Next 3 Years
InvestorPlace· 2024-03-15 12:50
Growth stocks are where the real money is made in the market. That’s especially true for investors that can identify those with the potential to deliver substantial profits now or in the future. The high-flying companies that capture Wall Street’s imagination tend to be growth companies with extremely strong earnings. As a result, analysts and investors are often willing to value certain growth stocks based on financial projections and growth estimates five, 10, or even 15 years down the road.In my view, so ...
Wall Street Favorites: 3 Russell 2000 Stocks With Strong Buy Ratings for March 2024
InvestorPlace· 2024-03-12 17:37
There are some strong buy Russell 2000 stocks for investors to consider adding to their portfolios in March 2024. While the overall market has experienced volatility in recent months, several small-cap companies within the Russell 2000 index have demonstrated promising growth prospects, and analysts are bullish on their prospects.These stocks could offer attractive entry points for investors seeking diversification and exposure to potentially undervalued opportunities. I feel now could be a great time to co ...
3 Sexy Small-Cap Stocks to Add Sizzle to Your Portfolio
InvestorPlace· 2024-03-10 19:24
If you want big returns, you gotta think small – as in small-cap stocks. That’s not to say the large-capitalization enterprises can’t get you to investment Valhalla. However, the most diminutive companies have math on their side.Basically, I’m referring to the law of small numbers. When you’re dealing with small-cap stocks, you’re almost always targeting businesses that don’t generate much attention. So, when a less-appreciated firm presents impressive financial performance metrics, they can send shares sky ...
4 Solid Semiconductor Stocks to Gain From Soaring Sales
Zacks Investment Research· 2024-03-07 14:35
The semiconductor market has recovered steadily over the past few months and sales are up from the year-ago levels. Soaring demand from many industries has been driving sales lately after a difficult first half of 2023.The Semiconductor Industry Association (SIA) reported on Mar 4 that global semiconductor sales totaled $47.6 billion in January, increasing a solid 15.2% year over year from $41.3 billion. Although monthly sales unexpectedly fell marginally by 2.1%, the semiconductor market is on track for a ...
Surging Earnings Estimates Signal Upside for ACM Research, Inc. (ACMR) Stock
Zacks Investment Research· 2024-03-06 18:21
Core Viewpoint - ACM Research, Inc. (ACMR) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates [1][2]. Current-Quarter Estimate Revisions - The expected earnings for the current quarter are $0.36 per share, reflecting a year-over-year increase of +140% [3]. - Over the past 30 days, the Zacks Consensus Estimate for ACM Research has risen by 116.67%, with one estimate moving higher and no negative revisions [3]. Current-Year Estimate Revisions - For the full year, the earnings estimate stands at $1.62 per share, indicating a slight decrease of -0.61% from the previous year [4]. - The consensus estimate for the current year has increased by 15.09%, with one estimate moving higher and no negative revisions [4]. Favorable Zacks Rank - ACM Research has achieved a Zacks Rank 1 (Strong Buy) due to positive estimate revisions, which is a reliable indicator for investors [5]. - Research indicates that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [5]. Bottom Line - Strong estimate revisions have led to a 77.3% increase in ACM Research's stock price over the past four weeks, suggesting potential for further upside [6].