JPMorgan analyst Harlan Sur raised the firm’s price target on Arm (ARM) to $175 from $160 and keeps an Overweight rating on the shares. The company reported “solid” fiscal Q3 results, with better revenue, margins, and earnings, driven by better than expected licensing and royalties, the analyst tells investors in a research note. The firm continues to see ARMv9 reaching 60%-70% of the royalty revenue mix over the next few years.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARM:
- Arm price target raised to $180 from $160 at Mizuho
- Qualcomm’s Strong Q1 2025 Earnings Report Overshadowed by Licensing Concerns
- M&A News: SoftBank Bets Big on AI Chip Play with Ampere Deal on Horizon
- Closing Bell Movers: Semis down sharply after results
- ARM Earnings: Arm Holdings Tops Forecasts on the Top and Bottom Lines