ACMR stock is currently trading at $19.96, with a bullish view driven by Kerrisdale Capital's report highlighting its undervaluation and potential as a key player in China's semiconductor expansion. The firm projects a 10x upside, suggesting a long-term target exceeding $100, supported by ACMR's strategic position in the global wafer fabrication equipment market. Recent analyst downgrades and U.S.-China trade tensions pose risks, but the stock's low valuation and growth prospects make it attractive for long-term investors.