ACM Research (ACMR) Rebrands Its Product Portfolio, Here’s What You Need to Know

​ACM Research, Inc. (NASDAQ:ACMR) is one of the Best Growth Stocks to Buy With Highest Upside Potential. On April 2, ACM Research, Inc. (NASDAQ:ACMR) announced a major rebranding and organization of the company’s product portfolio. The company is doing this by introducing the ACM Planetary Family, which is a themed structure grouping their tools into eight “planets” based on key steps in the chip-making process.

​Management noted that this move is aimed at simplifying the growing portfolio into a cleaner product lineup. CEO of the company, Dr. David Wang, highlighted that it is a strategic evolution to create a structured foundation for technological innovation, scalable product platforms, and global customer expansion.

​The eight planets breakdown includes Earth, Jupiter, Venus, Mars, Mercury, Saturn, Uranus, and Neptune series. Each series targets a core manufacturing step from cleaning tools to precise polishing.

​Overall, analysts have a bullish sentiment on ACM Research, Inc. (NASDAQ:ACMR) as 6 out of the 7 analysts covering the stock have maintained a Buy rating. Moreover, the average 12 month median price target on the stock suggests more than 64.6% upside from the current level.

​​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.

READ NEXT: 7 Hot Growth Stocks to Invest in Right Now and 7 Ridiculously Cheap Stocks to Buy According to Wall Street Analysts. 

Disclosure: None. Follow Insider Monkey on Google News.