ARM Holdings stock rose 5% after multiple analyst upgrades and Q2 EPS exceeding estimates.
ARM Holdings stock rose 5% after Sanford C. Bernstein upgraded it to market perform from underperform, raising the price target to $100. Loop Capital increased its price target from $120 to $130, while Morgan Stanley upgraded to overweight with a price target of $190. ARM reported Q2 EPS of $0.40, exceeding consensus estimates by $0.05. The company provides CPU products and related tech for semiconductor firms and OEMs.
August 08, 2024
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