Bernstein Downgrades ARM Holdings to Underperform, Maintains Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Sara Russo has downgraded ARM Holdings from Market Perform to Underperform, while maintaining the price target at $100.
October 31, 2024 | 1:37 pm
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NEGATIVE IMPACT
Bernstein has downgraded ARM Holdings from Market Perform to Underperform, indicating a negative outlook on the stock. The price target remains at $100.
The downgrade from Market Perform to Underperform suggests that Bernstein expects ARM Holdings to underperform relative to the market. Maintaining the price target at $100 indicates that the analyst does not foresee significant upside potential. This downgrade is likely to negatively impact ARM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100