What Analysts Are Saying About ARM Holdings Stock
Portfolio Pulse from Benzinga Insights
ARM Holdings (NASDAQ:ARM) received mixed analyst ratings with a trend towards bullish sentiment. The average 12-month price target is $108.93, marking a 37.89% increase from the previous target. Analysts from firms like Mizuho, New Street Research, and Goldman Sachs adjusted their ratings and price targets, reflecting optimism about ARM's market performance and financial health. ARM's architecture is pivotal in the smartphone CPU market, and its financials show solid revenue growth but below-average profitability metrics.
March 07, 2024 | 1:01 pm
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ARM Holdings received mixed analyst ratings, with a notable increase in the 12-month price target to $108.93, indicating a bullish sentiment. The company's strong position in the smartphone CPU market and solid revenue growth are positive, but profitability metrics lag behind industry averages.
The increase in the 12-month price target and the mix of bullish ratings from analysts suggest a positive short-term outlook for ARM Holdings. The company's pivotal role in the smartphone CPU market and its revenue growth are key drivers. However, below-average profitability metrics may temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100