Arm shares are trading lower amid post-IPO volatility. Redburn Atlantic initiated coverage on the stock with a Neutral rating and a $50 price target.
Portfolio Pulse from Benzinga Newsdesk
Arm shares are experiencing post-IPO volatility and are trading lower. Redburn Atlantic has initiated coverage on the stock with a Neutral rating and a $50 price target.
September 19, 2023 | 1:00 pm
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NEGATIVE IMPACT
Arm's stock is trading lower due to post-IPO volatility. Redburn Atlantic has initiated coverage with a Neutral rating and a $50 price target.
The post-IPO volatility is causing Arm's stock to trade lower. Additionally, the Neutral rating from Redburn Atlantic indicates that the stock is expected to perform in line with the market or sector average. This could potentially limit the upside potential of the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100