Barclays analysts led by Blayne Curtis gave the stock an overweight rating. “Arm has become a fundamental building block for the semiconductor industry with an entrenched ecosystem, continued share gains vs. other architectures, and a path to continued content gains,” they wrote in a note. The firm “is positioned to grow as more devices become intelligent and connected.”
Wall Street analysts initiated coverage of Arm Holdings’s stock with mostly bullish appraisals, despite signs that investors have cooled on the chip designer’s shares since its buoyant market debut last month.
The expiration of the customary quiet period following its initial public offering last month means that analysts at the more than 25 firms — including Barclays Plc, and Goldman Sachs Group Inc — that participated in the IPO can begin coverage of the chip designer. Monday saw a flurry of upbeat coverage, among some more cautious takes. The stock edged higher in premarket trading.
