JP Morgan Maintains Overweight on ARM Holdings, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur has maintained an Overweight rating on ARM Holdings (NASDAQ:ARM) and increased the price target from $70 to $100.
February 08, 2024 | 1:06 pm
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JP Morgan analyst Harlan Sur has reaffirmed an Overweight rating on ARM Holdings and raised the price target from $70 to $100.
The increase in price target by a reputable analyst such as Harlan Sur from JP Morgan is a strong positive signal for ARM Holdings. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100