Wall Street Analysts Believe ACM Research, Inc. (ACMR) Could Rally 27.93%: Here's is How to Trade

Group 1 - ACM Research, Inc. (ACMR) shares have increased by 77.3% over the past four weeks, closing at $29.22, with a mean price target of $37.38 indicating a potential upside of 27.9% [1] - The average price target consists of seven estimates ranging from $34 to $40, with a standard deviation of $2.59, suggesting a high level of agreement among analysts [1] - The lowest estimate indicates a 16.4% increase from the current price, while the highest suggests a 36.9% upside [1] Group 2 - Analysts show strong agreement on ACMR's ability to report better earnings, with a positive trend in earnings estimate revisions, which is a strong indicator of potential stock upside [2][5] - Over the last 30 days, one earnings estimate has increased, leading to a 15.1% rise in the Zacks Consensus Estimate for the current year [5] - ACMR holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [5] Group 3 - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price movement direction and magnitude [4] - While price targets should not be the sole basis for investment decisions, they can serve as a starting point for further research into fundamental drivers [4][6]