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Benzinga
10 days

Top Wall Street Forecasters Revamp Arm Holdings Price Expectations Ahead Of Q3 Earnings

1. Arm expects Q3 earnings to rise to 34 cents per share from 29 cents. 2. Projected revenue for Q3 is $948 million, up from $824 million year-over-year. 3. Shares gained 4.2% closing at $162.20 on positive analyst sentiment. 4. Barclays and UBS raised price targets, indicating strong future performance expected. 5. New CEO for Arm's Chinese venture could influence operational strategies.

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FAQ

Why Bullish?

Positive earnings expectations and heightened analyst ratings often drive stock prices higher. Past quarterly earnings surprises led to significant price increases.

How important is it?

Positive earnings potential and analyst upgrades suggest a strong impact on ARM’s stock. Recent patterns show earnings influence share movements significantly.

Why Short Term?

Quarterly results are forthcoming, influencing immediate investor sentiments and actions. Short-term trends often reflect earnings announcements.

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