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​ACM Research, Inc. (NASDAQ:ACMR) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. Recently, on June 18, Roth Capital raised the firm's price target on ACM Research, Inc. (NASDAQ:ACMR) from $100 to $125 and maintained a Buy rating on the shares.

​The updated price target comes after the company's appearance at the 16th Roth London Conference, where management reaffirmed strong and continued demand for its tools in China, driven by the country's push to grow its share of global semiconductor production.

The firm noted that they see a broader growth story taking shape beyond China. Roth Capital sees the company as well-positioned to expand through a range of emerging front-end and back-end semiconductor tools, signaling product diversification as a key driver. Moreover, the firm also highlighted ACM's efforts to diversify its customer base beyond its core China market.

​​ACM Research Inc. (NASDAQ:ACMR), together with its subsidiaries, develops, manufactures, and sells capital equipment in Mainland China and internationally. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers.

While we acknowledge the potential of ACMR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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