Arm Holdings shares are trading higher after Raymond James initiated coverage on the stock with an Outperform rating and announced a $160 price target.
Portfolio Pulse from Benzinga Newsdesk
Arm Holdings shares rose following Raymond James' initiation of coverage with an Outperform rating and a $160 price target.
September 13, 2024 | 2:17 pm
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Raymond James initiated coverage on Arm Holdings with an Outperform rating and a $160 price target, leading to a rise in the stock price.
The initiation of coverage by Raymond James with a positive rating and a high price target is likely to increase investor confidence and demand for Arm Holdings shares, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100