ACLS stock is currently trading at $69.41, with analysts projecting a 12-month target price of $136, indicating a potential upside of 95.95%. The bullish view is driven by Axcelis' strong position in the semiconductor equipment industry, benefiting from rising demand for high-performance chips. Additionally, its valuation appears attractive with a forward P/E of 11.81, significantly below the industry average of 22.66.