Arm Holdings' initial public offering pricing is expected in a range of $47 to $51 per share.
Would value the U.K. chip designer, taken private by Japan's SoftBank in 2016, at $50 billion to $55 billion . Seems low to me. Set to officially price next week and begin trading on Sept. 14. As I talked about in my weekly column , it's one of the things that could influence stock market sentiment this month. The impact of the Fed's tightening cycle on the economy is another. Goldman Sachs lowers its estimate of the risk of recession to 15% from 20%.
Keeps outperform rating. What happened here? It was a slowdown in the server business but not really. Barclays raises rating on Club name Oracle to overweight from equal weight and increases price target to $150 per share from $126. The analysts see a multiyear growth story. HubSpot really expensive but the Street cannot resist this enterprise software company. Unique small business. Citi starts HUBS with a buy and $695 price target, which implies 26% upside from Friday's close.
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