Rating Quick Look | ARM, Robinhood Target Prices Raised! Duolingo, Rivian Face Price Cuts

LB Select
2024.05.10 09:21
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Goldman Sachs pointed out that investors are disappointed with Arm's 2025 fiscal year performance guidance, but the bank reiterated its "buy" rating. The reason is that as customers transition from the v8 architecture to the v9 architecture and increasingly adopt Arm's computing subsystem solutions, licensing revenue could significantly increase. Arm may gain more market share, especially in the cloud computing and automotive fields, thus slightly raising the target price to $110

Goldman Sachs: Raises Arm's target price to $110, reiterates "Buy" rating

The report indicates that Arm's strong performance in the fourth quarter was driven by accelerated growth in royalty revenue and licensing revenue.

Goldman Sachs stated that investors found Arm's 2025 fiscal year performance guidance disappointing, but the firm still reiterated a "Buy" rating. The reason is that as customers transition from the v8 architecture to the v9 architecture and increasingly adopt Arm's compute subsystem solutions, royalty revenue could significantly increase. Arm may gain more market share, especially in cloud computing and automotive fields, hence the target price was slightly raised to $110.

Barclays: Lowers Meta's target price from $243 to $230, maintains "Hold" rating

Goldman Sachs: Lowers Beyond Meat's target price from $4 to $3.5, maintains "Sell" rating

Deutsche Bank: Lowers Bumble's target price from $15 to $13, maintains "Hold" rating

Piper Sandler: Raises Robinhood's target price from $17 to $18, maintains "Neutral" rating

Piper Sandler: Raises Airbnb's target price from $145 to $155, maintains "Neutral" rating

Mizuho: Lowers Rivian's target price from $12 to $11, maintains "Neutral" rating

Wells Fargo: Lowers Rivian's target price from $14 to $10, maintains "Neutral" rating

Truist: Lowers Shopify's target price from $85 to $65, maintains "Hold" rating