ARM Holdings shares are trading higher after Bernstein upgraded the stock from Underperform to Market Perform and raised its price target from $92 to $100.
Portfolio Pulse from Benzinga Newsdesk
ARM Holdings shares are trading higher following an upgrade from Bernstein, which raised the stock's rating from Underperform to Market Perform and increased the price target from $92 to $100.
August 08, 2024 | 2:55 pm
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POSITIVE IMPACT
Bernstein upgraded ARM Holdings from Underperform to Market Perform and raised the price target from $92 to $100, leading to a rise in the stock price.
The upgrade from Bernstein and the increased price target are positive signals for investors, likely leading to increased buying interest and a short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100