ARM (NASDAQ:ARM) Updates Q3 Earnings Guidance

ARM (NASDAQ:ARM) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.32-0.36 for the period, compared to the consensus estimate of $0.33. The company issued revenue guidance of $920-970 million, compared to the consensus revenue estimate of $939.31 million. ARM also updated its FY25 guidance to $1.45-1.65 EPS.

ARM Stock Performance

Shares of NASDAQ ARM traded up $4.03 during mid-day trading on Wednesday, hitting $144.68. 9,230,652 shares of the stock were exchanged, compared to its average volume of 10,910,264. The company has a market cap of $151.60 billion, a P/E ratio of 370.98, a PEG ratio of 6.45 and a beta of 5.40. ARM has a twelve month low of $49.82 and a twelve month high of $188.75. The stock’s fifty day simple moving average is $141.27 and its two-hundred day simple moving average is $137.49.

Analysts Set New Price Targets

A number of research firms have commented on ARM. Hsbc Global Res raised ARM to a “moderate sell” rating in a research note on Monday, July 29th. Barclays raised their price objective on shares of ARM from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Loop Capital upped their target price on shares of ARM from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Citigroup raised their price target on shares of ARM from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Daiwa Capital Markets upgraded ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, ARM currently has an average rating of “Moderate Buy” and an average price target of $138.57.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.