Arm stock could be cut in half over the next 12 months – analyst warns

Arm Holdings PLC (NASDAQ: ARM) has nearly doubled since the start of this year but a Morningstar analyst warns its current valuation is not sustainable.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Arm stock could tank to $57 Copy link to section Javier Correonreo sees downside in the chip design company to $57 – a price objective that assumes 17% yearly growth rate over the next ten years. The analyst is super bearish on Arm stock because he’s conv ...