Jefferies analyst Janardan Menon maintains $Arm Holdings (ARM.US)$ with a buy rating, and maintains the target price at $170.
According to TipRanks data, the analyst has a success rate of 32.6% and a total average return of -5.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Arm Holdings (ARM.US)$'s main analysts recently are as follows:
Arm showcased robust fiscal Q2 results, bolstered by a licensing surge, though projecting a modest dip in Q3 revenue expectations, yet preserving its prior fiscal 2025 forecast. Estimates were adjusted upwards in anticipation of greater uptake of higher-dollar CSS solutions come fiscal 2026.
The company's reaffirmed outlook suggests that the fiscal year will be at least as favorable as previously anticipated. There remains potential for further upside, driven by a solid transition between v8 and v9 and new data center ramps.
The firm attributes the positive outcome of the September 2024 quarter to an increase in licensing, and suggests that weighted signings in the fourth quarter of fiscal year 2025 could suggest a licensing growth rate in the high-20% range on a year-over-year basis.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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