Morgan Stanley Upgrades ARM Holdings to Overweight, Raises Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded ARM Holdings (NASDAQ:ARM) from Equal-Weight to Overweight and raised the price target from $107 to $190.

July 19, 2024 | 9:14 am
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POSITIVE IMPACT
Morgan Stanley has upgraded ARM Holdings from Equal-Weight to Overweight and significantly raised the price target from $107 to $190, indicating strong confidence in the company's future performance.
The upgrade from Equal-Weight to Overweight and the substantial increase in the price target from $107 to $190 by a major financial institution like Morgan Stanley is a strong positive signal. This suggests that the analyst sees significant upside potential in ARM Holdings, which is likely to attract investor interest and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100