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In a report published Thursday, Topeka Capital Markets analyst Suji De Silva initiated coverage on
ARM HoldingsARMH with a Hold rating and price target of $42.
In the report, Topeka Capital Markets stated, "While we believe that ARMH has established a strong market position with high growth potential, we believe these expectations are embedded at current levels and would look for a more attractive entry point prior to getting aggressive on the stock."
ARM Holdings closed on Thursday at $41.22.
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