Goldman Sachs Upgrades ARM Holdings (ARMH) to Conviction Buy

Goldman Sachs upgraded ARM Holdings (NASDAQ: ARMH) from Buy to Conviction Buy. Analyst Simon F. Schafer said he thinks the recent pullback provides an attractive entry point.

"We continue to view [ARM] as one of the most compelling structural growth stories in European technology. Given a current rotation into quality in the sector, we favour structural growth combined with first-quartile industry positioning. ARM delivers these," said analyst Schafer.

For an analyst ratings summary and ratings history on ARM Holdings click here. For more ratings news on ARM Holdings click here.

Shares of ARM Holdings closed at $40.00 yesterday.

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