ACMR Crosses Above Average Analyst Target
August 06, 2018 at 07:56 AM EDT
In recent trading, shares of ACM Research Inc (ACMR) have crossed above the average analyst 12-month target price of $14.33, changing hands for $14.74/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..