Daiwa Capital Downgrades ARM Holdings to Neutral, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Daiwa Capital analyst Louis Miscioscia downgraded ARM Holdings (NASDAQ:ARM) from Buy to Neutral but raised the price target from $63 to $130.
February 16, 2024 | 11:42 am
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NEUTRAL IMPACT
ARM Holdings was downgraded from Buy to Neutral by Daiwa Capital, though its price target was increased from $63 to $130.
The downgrade to Neutral suggests a more cautious outlook on ARM Holdings' stock by Daiwa Capital, potentially due to valuation or other concerns. However, the significant increase in the price target from $63 to $130 indicates a positive view on the company's long-term prospects. This mixed signal could lead to short-term uncertainty among investors, hence the neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100