Numerous analysts launched coverage of Arm shares Monday, largely taking bullish views
Shares of Arm Holdings PLC are trading only 6% above their initial-public-offering price, but analysts see far more upside for the chip-design name.
He noted that Arm, which went public in mid-September, “has long been dominant in mobile, but can now benefit from providing additional content at higher prices into a mature market.” Additionally, he said he sees evidence of “long-awaited” market-share gains in servers.
“An important dynamic for investors to consider is ARM’s deep and broad multi-decade customer and ecosystem presence, which is ideal for the shift of AI as a Cloud-centric technology to an Edge-centric technology where cost, reliability, latency, and security play an outsized role,” Mosesmann continued.Guggenheim Securities analyst John DiFucci was bullish as well.
“There are certainly risks, some of which all companies face and some of which are unique to Arm, including Arm China revenue concentration , but we believe this risk is more than offset by the opportunities it offers to address the most populous country in the world with one of the fastest growing economies,” DiFucci added, as he slapped a buy rating and $64 target price on shares of Arm.
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