ARM Will Gain Market Share As Chip Trends Evolve, Analyst Predicts
Portfolio Pulse from Anusuya Lahiri
Keybanc analyst John Vinh initiated coverage on ARM Holdings Plc (NASDAQ:ARM) with an Overweight rating and a price target of $65. Vinh expects ARM to benefit from key semiconductor design trends, including rising chip complexity. He anticipates share gains will be the greatest within cloud infrastructure and automotive, ADAS market. Vinh projects 2Q revenue of $747.2 million vs. consensus $743.4 million and EPS of $0.26 vs. consensus $0.25.
October 18, 2023 | 4:20 pm
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ARM Holdings is expected to benefit from key semiconductor design trends and gain market share in cloud infrastructure and automotive sectors, according to Keybanc analyst John Vinh.
The analyst's positive outlook on ARM Holdings, including an Overweight rating and a price target of $65, suggests that the company is well-positioned to benefit from key trends in the semiconductor industry. This could lead to increased market share in the cloud infrastructure and automotive sectors, potentially driving the company's stock price up in the short term.
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