Arm shares initially weak after IPO - but now on the upswing, forecasts promising. Analysts optimistic.

Arm shares initially weak after IPO - but now on the upswing, forecasts promising. Analysts optimistic.

According to a report from www.finanzen.net,

The IPO of the chip company Arm Holdings on the US stock exchange NASDAQ initially caused euphoria, but this quickly faded. Arm shares have since recovered and the outlook for 2024 is promising. Analysts predict positive developments for the company.

Market developments suggest that Arm's business will regain momentum in 2024. This is primarily supported by forecast increases in PC and smartphone sales as well as global semiconductor sales. These positive forecasts could also impact Arm stock's recovery.

Although the balance sheet submission for the second quarter of fiscal 2024 recorded a quarterly loss, the company's sales rose to a new record in the reporting period. This suggests that Arm's business could turn positive again in 2024.

The majority of analysts recommend buying Arm shares and predict further price increases. The positive forecasts for the company as well as the expected recovery of the semiconductor industry could therefore have a positive impact on the market, the consumer and the industry.

Overall, the facts indicate that Arm Holdings shares are showing promising development and that the company can expect an increase in sales and a positive EPS development in 2024. The outlook for the semiconductor industry as a whole is also positive, which could impact the sector's growth and Arm's profits.