UBS analyst Timothy Arcuri lowered the firm’s price target on Arm (ARM) to $195 from $200 and keeps a Buy rating on the shares. Despite the “creep” in operating expenses, Arm still has a rapidly expanding opportunity set that should still carry the day, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARM:
- Marvell (MRVL) Jumps 8% as SoftBank’s (SFTBY) $100B Takeover Talks Resurface
- Arm price target raised to $215 from $178 at Evercore ISI
- SoftBank weighed potential takeover of Marvell, Bloomberg reports
- Arm price target raised to $190 from $180 at Mizuho
- ARM Holdings PLC ADR: Strong Performance and Growth Potential, But Valuation Concerns Justify Hold Rating