Arm Holdings Analysts Stay Bullish With Licensing Gains Overshadowing Royalty Concerns
Portfolio Pulse from Anusuya Lahiri
Analysts from BMO Capital, KeyBanc Capital Markets, Mizuho Securities, and Goldman Sachs remain bullish on Arm Holdings Plc (NASDAQ:ARM) despite concerns over royalty rates. The analysts highlighted the company's strong Q2 results, robust licensing growth, and its position as a global leader in semiconductor IP licensing. However, they noted a lower outlook for mobile royalties due to smartphone weakness. The analysts have set price targets ranging from $60 to $65.
November 09, 2023 | 6:49 pm
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Analysts remain bullish on Arm Holdings despite concerns over royalty rates. They highlighted the company's strong Q2 results, robust licensing growth, and its position as a global leader in semiconductor IP licensing.
The analysts' bullish stance on Arm Holdings is based on the company's strong Q2 results and robust licensing growth. Despite a lower outlook for mobile royalties due to smartphone weakness, the analysts believe that the company's strong licensing growth and its position as a global leader in semiconductor IP licensing will offset any potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100