On June 9, 2025, ARB IOT Group (ARBB, Financial), listed on NASDAQ, received a notable update from Maxim Group. The analyst Allen Klee has reinstated coverage on ARBB with a current rating of Buy.
Maxim Group also announced a price target for ARBB, setting it at USD 20.00. There was no previous price target mentioned, as this reinstatement marks a fresh analysis of the stock by the firm.
Investors in ARB IOT Group (ARBB, Financial) may find this development significant, as the "Buy" rating could influence the stock's performance in the upcoming market sessions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for ARB IOT Group Ltd (ARBB, Financial) is $3.00 with a high estimate of $3.00 and a low estimate of $3.00. The average target implies an downside of 48.10% from the current price of $5.78. More detailed estimate data can be found on the ARB IOT Group Ltd (ARBB) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, ARB IOT Group Ltd's (ARBB, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
