Arm price target raised to $118 from $115 at Susquehanna

Susquehanna raised the firm’s price target on Arm (ARM) to $118 from $115 and keeps a Neutral rating on the shares. The firm said consistent with their preview, the company’s report and guide implies roughly 5% downside risk to Q4FY25 consensus EPS, a trend that is expected to sustain and thus lead to additional 5% downside risk to FY26 consensus EPS.