Goldman Sachs maintains "Buy" rating for ACM Research (ACMR.US) with a target price of $166.

According to Golden Ten Data, Goldman Sachs has released a research report maintaining a "Buy" rating on ACM Research (ACMR.US), with a 12-month target price of $166, based on a discounted 40x 2030 forecast P/E ratio to 2027; calculated with the closing price on September 4 of $74.44, this represents an upside potential of 123%. The bank remains optimistic about the company's product portfolio upgrading to advanced equipment, as well as the product expansion of ACM Planetary Family in areas such as cleaning, furnace tubes, PECVD, and advanced packaging. The bank expects that China’s WFE spending will increase year-on-year by 13%, 20%, and 15% in 2026, 2027, and 2028 respectively, reaching $61 billion by 2028.