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Arm Holdings Stock Poised for Expansion in AI and Auto Markets, Valuation Raises Concerns, Analysts Say

Benzinga LogoBenzinga11h ago

Arm Holdings Stock Poised for Expansion in AI and Auto Markets, Valuation Raises Concerns, Analysts Say - Benzinga

Quick Summary:

Arm reported fiscal first quarter 2025 revenue of $939 million (+39% year-on-year), 2% and 4% above Goldman Sachs estimate and Street (FactSet), respectively.Adjusted EPS of $0.40 was 10% above Goldman Sachs estimate and 16% above the Street.

Arm guided second-quarter revenue to $805 million at the mid-point (flat Y/Y), 4% below Goldman Sachs estimate and in line with the Street.

Goldman Sachs analyst Toshiya Hari reiterated a Buy rating on Arm Holdings (NASDAQ:ARM) with a price target of $144, up from $143.


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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 18:30:02 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 663 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21888689

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 43 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #53

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