Raymond James lowered the firm’s price target on Arm (ARM) to $140 from $175 and keeps an Outperform rating on the shares. Arm’s Q4 results were better, but the Q1 outlook was slightly weaker, the analyst tells investors in a research note. The firm attributes the somewhat cautious outlook to macro factors and are encouraged by strong v9/CSS adoption and growing data center opportunity.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARM:
- Positive Outlook on ARM Holdings PLC: Strong Growth in Semiconductor Licensing and Strategic AI Initiatives
- ARM Holdings PLC ADR: Hold Rating Amid Strong Q4 Results and Rising Operating Expenses
- Arm price target lowered to $150 from $175 at JPMorgan
- ARM Holdings PLC: Strong Fundamentals and Strategic Focus Support Buy Rating Despite Conservative Guidance
- Arm price target lowered to $145 from $150 at Wells Fargo
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue