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Top related persons:
Morningstar - 1 Javier Correonero - 1 FactSet - 1 Vijay Rakesh - 1 SoftBank - 1 Goldman Sachs - 1 JPMorgan Chase - 1 Arm's financials - 1
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Nvidia - 1 Apple - 1 ARM - 1 Mar - 1 CNBC Pro - 1 Mizuho Securities - 1 Morningstar - 1 Mizuho - 1

Search resuls for: "Arm's financials"


2 mentions found


☆ This AI stock could fall 50% and has an 'exaggerated artificial intelligence narrative,' Morningstar says
  + stars: | 2024-04-09 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
Arm , the British semiconductor design company, has seen its share price skyrocket since reporting third-quarter earnings in February. However, Morningstar believes the current share price is overvalued and could drop by 54% to $57. Morningstar's price target for Arm, which the firm calls a fair value estimate, is $57 per share. The consensus price target of 31 analysts covering Arm polled by FactSet points to a 14% downside. The research firm has raised its price target for Arm to $160, representing 28% upside from current levels.
Persons: Morningstar, Javier Correonero, FactSet, Vijay Rakesh Organizations: Nvidia, Apple, ARM, Mar, CNBC Pro, Mizuho Securities, Morningstar, Mizuho
☆ Arm's full-year revenue fell 1% ahead of IPO - source
  + stars: | 2023-08-18 | by ( Anirban Sen Manya Saini | Anirban Sen | Manya Saini | ) www.reuters.com   time to read: +2 min
Arm's sales fell to $2.68 billion in the 12 months ended March 31, hurt by a slump in global smartphone shipments, the source said, requesting anonymity. In May, SoftBank reported that revenue for the year at Arm had grown 5.7% under International Financial Reporting Standards. Arm will disclose its latest financials next week under the U.S. accounting standards, the source added. Reuters had previously reported that SoftBank was aiming to list Arm at a valuation of $60 billion to $70 billion in the IPO. Arm's IPO preparations are being led by Goldman Sachs Group (GS.N), JPMorgan Chase (JPM.N), Barclays Plc (BARC.L) and Mizuho Financial Group.
Persons: SoftBank, Goldman Sachs, JPMorgan Chase, Arm's financials, Anirban Sen, Manya, Shinjini Organizations: Nasdaq, Reuters, Vision Fund, Goldman, JPMorgan, Barclays Plc, Mizuho Financial Group, Bloomberg News, Manya Saini, Thomson Locations: New York, Bengaluru
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