ARM Holdings Q2 earnings surpass estimates, prompting multiple firms to raise price targets and ratings.
ARM Holdings' price target raised to $125 by Barclays; Goldman Sachs, Guggenheim, Wells Fargo also upgrade their ratings and targets. TD Cowen raises target to $150; Sanford C. Bernstein to $92, Guggenheim to $169, Morgan Stanley to $190. ARM reports Q2 earnings of $0.40 per share, exceeding analysts' estimates of $0.35. Institutions and hedge funds increase investments, with 7.53% of stock owned by these investors.
August 05, 2024
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