Exane BNP Paribas Downgrades ARM Holdings to Neutral, Announces $100 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst David O'Connor downgraded ARM Holdings (NASDAQ:ARM) from Outperform to Neutral and set a price target of $100.
April 19, 2024 | 9:16 am
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NEUTRAL IMPACT
ARM Holdings was downgraded from Outperform to Neutral by Exane BNP Paribas, with a new price target of $100.
The downgrade of ARM Holdings by a notable analyst could lead to mixed investor sentiment in the short term. While the downgrade to Neutral suggests a more cautious outlook, the establishment of a $100 price target indicates a belief in some underlying value. This combination of factors makes the short-term impact on the stock price uncertain, hence the neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100