Arm price target raised to $180 from $130 at Loop Capital

Loop Capital raised the firm’s price target on Arm (ARM) to $180 from $130 and keeps a Buy rating on the shares after its Q2 earnings beat. The biggest takeaway from the quarter is that the company is going to continue to have multifaceted pathways increasing momentum over the next few years in Smartphones, Data Center, and very potentially PCs, the analyst tells investors in a research note. Arm looks well positioned to continue to drive strong growth despite softening Android and iPhone units, Loop added.