ACMR Should I Buy

Roth Capital raised the firm's price target on ACM Research to $125 from $100 and keeps a Buy rating on the shares. At the 16th ROTH London Cconference, ACM affirmed continued China tool demand in support of increasing China semiconductor production in the global mix, the analyst tells investors in a research note. The firm added that it believes ACM can drive growth with a handful of emerging front-end and back-end tool products, along with customer diversification beyond core China growth.