ARM Holdings under-valued, gaining momentum, says Canaccord Canaccord believes the emerging ARM server is gaining momentum and that the eventual royalty opportunity will prove larger than consensus expectations. The firm believes the server royalties can contribute meaningfully and augment royalty rates in its key mobile markets and under-penetrated enterprise and IoT markets. Canaccord keeps a Buy rating with a $60 price target on ARM Holdings.
News For ARMH From The Last 14 Days
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ARM Holdings TrustZone outlook positive, says JMP Securities JMP Securities expects ARM Holdings' (ARMH) TrustZone technology to be an underlying enabler of secure electronic payment in Apple's (AAPL) iPhone 6 and new electronic credit cards in the United States. The firm believes that ARM is well-positioned to provide architecture for mobile and Internet of Things applications. It reiterates a $60 price target and Outperform rating on the stock.