Arm price target raised to $110 from $85 at Rosenblatt

Rosenblatt raised the firm’s price target on Arm to $110 from $85 and keeps a Buy rating on the shares. The new price target is a high on the Street. The firm says generative artificial intelligence class design and licensing momentum “has shifted aggressively.” The implications are for Arn to enjoy incrementally positive licensing and royalty dynamics in terms of both quantity and quality, the analyst tells investors in a research note.