Arm Holdings plc (ARM) is experiencing a rise in its stock price today, driven by positive sentiment from Wall Street analysts. Several research firms have recently raised their price targets for ARM, reflecting increased confidence in the company's growth prospects. Notably, Barclays increased its price objective from $125.00 to $145.00, while TD Cowen boosted its target from $150.00 to $165.00, both maintaining a "buy" rating. This optimism is likely contributing to the upward momentum in ARM's stock.
ARM's stock is currently trading at $140.90, up 2.14% from its previous close of $137.95, and 2.01% higher than its opening price of $138.13.