Reported 29 days ago
Wells Fargo has raised its price target for Arm Holdings (NASDAQ:ARM) from $145 to $175, maintaining an Overweight rating due to strong growth momentum in AI-driven data centers, as evidenced by a 104% year-over-year increase in Arm-based server CPU shipments in Q1 2025. While Arm has forecasted solid growth in royalty revenue and anticipates a 20% year-over-year increase in licensing revenue linked to AI, the firm acknowledges other AI stocks may present better investment opportunities with less risk.
Source: YAHOO