Evercore ISI raised the firm’s price target on Arm (ARM) to $173 from $156 and keeps an Outperform rating on the shares. ARM’s recent earnings report was “a mixed bag,” but the “silver lining” is that ARM’s long-term prospects remain “promising,” especially with strategic moves in the CPU and CSS arenas, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARM:
- Morning Movers: Roblox skyrockets following second quarter results
- Mixed Signals for ARM Holdings PLC ADR: Hold Rating Reflects Cautious Optimism Amid Immediate Concerns
- Arm price target raised to $175 from $155 at TD Cowen
- Arm looks to invest to produce own chips, Reuters reports
- ARM Holdings PLC: Strategic Shift and Financial Implications Lead to Hold Rating