JPMorgan lowered the firm’s price target on Arm (ARM) to $145 from $180 and keeps an Overweight rating on the shares. The company reported solid fiscal Q3 results on better than expected royalty revenue from smartphones and cloud data centers, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARM:
- Arm: Strong Execution, High-Value Royalties, and Upcoming Product Roadmap Catalyst Support Buy Rating
- Arm price target lowered to $170 from $200 at KeyBanc
- Evercore lowers Arm price target, would be buyers ahead of Everywhere event
- Arm price target lowered to $170 from $205 at Jefferies
- ARM: Solid Headline Growth Masking Organic Slowdown; Neutral Stance Pending Clarity on Custom Silicon Strategy