Citigroup Initiates Coverage On ARM Holdings with Buy Rating, Announces Price Target of $65
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Gardiner has initiated coverage on ARM Holdings with a Buy rating and a price target of $65.

October 09, 2023 | 8:41 am
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Citigroup has initiated coverage on ARM Holdings with a Buy rating and a price target of $65, which could positively impact the company's stock.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, Citigroup, a major financial institution, has initiated coverage on ARM Holdings with a Buy rating and a price target of $65. This suggests that Citigroup believes ARM's stock is undervalued and has potential for growth, which could lead to increased investor interest and a rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100