Goldman Sachs Initiates Coverage On ARM Holdings with Buy Rating, Announces Price Target of $62
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has initiated coverage on ARM Holdings with a Buy rating and a price target of $62.
October 09, 2023 | 8:30 am
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Goldman Sachs has initiated coverage on ARM Holdings with a Buy rating and a price target of $62, which could potentially boost investor confidence and the stock price.
The initiation of coverage by Goldman Sachs, a major investment bank, with a Buy rating indicates a positive outlook for ARM Holdings. The price target of $62 suggests that the bank sees significant upside potential for the stock, which could attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100