Mizuho Securities Starts Arm Holdings (ARM) at Buy

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HSBC Starts Arm Holdings (ARM) at Hold, 'Work in progress'

October 9, 2023 7:06 AM EDT

HSBC analyst Frank Lee initiates coverage on Arm Holdings (NASDAQ: ARM) with a Hold rating and a price target of $57.00.

The analyst comments "We initiate coverage on Arm with a Hold rating and a target price of USD57. Electronic design automation (EDA) software vendors like Synopsys and Cadence are the best valuation peers. Arm... More