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.
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