ARM Holdings PLC ADR ( (ARM) ) has risen by 8.44%. Read on to learn why.
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ARM Holdings PLC ADR has seen its stock price rise by 8.44% over the past week, driven by a series of positive developments. A significant factor contributing to this increase was an upgrade from BNP Paribas Exane, which raised ARM’s rating to ‘Outperform’ and increased the price target from $110 to $210. This upgrade was based on the potential of ARM’s application-specific integrated circuits (ASICs) to significantly boost earnings, capturing a larger market share.
Additionally, Mizuho raised its price target for ARM from $160 to $180, citing increased demand in data centers fueled by the ongoing AI boom. Despite these positive outlooks, some skepticism remains, as Oddo BHF downgraded ARM to ‘Neutral’ due to concerns about its current valuation. This mixed sentiment reflects the ongoing debate among analysts about the sustainability of ARM’s recent stock price surge.
The market’s reaction to these developments has been reflected in the options trading activity, with a put/call ratio indicating a bullish sentiment. As ARM Holdings PLC ADR prepares to report earnings, investors are closely watching for further indications of the company’s performance and potential growth, keeping the stock in the spotlight for those interested in the financial markets.