Evercore ISI Group Maintains Outperform on ARM Holdings, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Mark Lipacis maintains an Outperform rating on ARM Holdings (NASDAQ:ARM) but lowers the price target from $156 to $145.

May 09, 2024 | 9:58 am
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Evercore ISI Group maintains an Outperform rating on ARM Holdings but lowers the price target from $156 to $145.
The adjustment in price target by a reputable analyst firm like Evercore ISI Group, while maintaining an Outperform rating, suggests a positive outlook on ARM Holdings' fundamentals but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the new price target against the backdrop of continued endorsement of the stock's potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100