ARM's Growth Trajectory: Analysts Bullish on Expansion in AI, Data Centers, Edge Computing And Rising Royalties
Portfolio Pulse from Anusuya Lahiri
Analysts from Goldman Sachs, BMO Capital, Mizuho, and Rosenblatt initiated coverage on ARM Holdings Plc with bullish ratings, citing expected growth in AI, data centers, edge computing, and rising royalties. They predict ARM's revenue and EPS to grow significantly through FY26, with ARM's presence expanding in the smartphone market and other sectors. ARM's shares traded lower by 0.33% at $53.90 on the last check Monday.
October 09, 2023 | 4:50 pm
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NEUTRAL IMPACT
Nvidia Corp is mentioned in relation to ARM's expansion in the high-end compute market.
Nvidia Corp is mentioned as a part of ARM's expansion in the high-end compute market. However, the impact on Nvidia's stock is not clear from the article.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Analysts predict significant growth for ARM in various sectors, including AI, data centers, and edge computing, which could positively impact its stock.
Analysts from multiple firms have initiated coverage on ARM with bullish ratings, citing expected growth in various sectors. This positive outlook could lead to an increase in ARM's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100