Top Wall St brokerages rate Arm's stock a 'buy' on earnings potential

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Top Wall St brokerages rate Arm's stock a 'buy' on earnings potential

© Reuters. FILE PHOTO: A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo) with their top ratings a month after its blockbuster market debut, expecting the chip designer to deliver strong revenue and earnings growth.

The IPO had 30 underwriters, all of whom had to wait until Oct. 9 to start coverage as required by industry practice.) and Goldman Sachs all started coverage of the stock with"buy" ratings and expect it to hit $60-$70 by December next year, betting on continued growth in Arm's chip designs, which power nearly every smartphone in the world.

Sur set a $70 price target, expecting Arm to beat both the brokerage's and the market consensus estimates over the next year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top Wall Street analysts expect these dividend stocks to boost portfolio returnsTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Exxon and Darden.
Source: NBCDFW - 🏆 288. / 63 Read more »