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Arm Shares Had a Big Debut. Why One Analyst Advises Against Buying Them.

Por: MarketWatch Business September 15, 2023

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The way Needham analyst Charles Shi sees it, Arm’s valuation is simply too high. Shi launched coverage of the stock on Thursday afternoon with a Hold rating, and without a price target. His view is that while Arm (ticker: ARM) has completely dominated the smartphone market—almost every handset includes a chip with an Arm-based design—he thinks growth gets tougher from here. “Arm’s architecture is a foundation of smartphones, but we... + full article



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