Rosenblatt Maintains Buy Rating for ARM Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Rosenblatt has reaffirmed its Buy rating on ARM Holdings (NASDAQ:ARM) and increased its price target from $85.00 to $110.00. ARM Holdings' shares are currently up 1.42% at $73.32. The new price target suggests a potential upside of 50.03%. ARM Holdings is a leading IP owner in smartphone CPUs and other battery-powered devices, licensing its ARM architecture to companies like Apple and Qualcomm.
December 26, 2023 | 5:00 pm
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POSITIVE IMPACT
Rosenblatt maintains a Buy rating on ARM Holdings and raises the price target to $110, indicating a significant potential upside from the current price of $73.32.
The reaffirmation of a Buy rating and an increased price target by a reputable analyst firm like Rosenblatt can create positive sentiment among investors, potentially driving the stock price up in the short term. The substantial potential upside of 50.03% from the current share price to the new target is likely to attract investor interest and could lead to an increase in the stock price as the market reacts to the news.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100