Goldman Sachs raised the firm’s price target on Arm (ARM) to $174 from $159 and keeps a Buy rating on the shares. The company reported a solid fiscal Q3 report as revenue upside across the licensing and royalty businesses translated into a 15% non-GAAP earnings beat, the analyst tells investors in a research note. Goldman continues to view Arm as a long-term share gainer in the growing cloud and edge compute markets.
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