Citi raised the firm’s price target on Arm (ARM) to $200 from $170 and keeps a Buy rating on the shares. The company reported another “healthy beat” in its December quarter, but that beat is offsetting slightly softer March quarter guidance, leaving Citi’s already ahead of consensus fiscal 2025 estimates unchanged, the analyst tells investors in a research note. The firm says that while while there is not much change to numbers with this set of results, “there is clearly building momentum in various areas” of Arm’s business, all largely centered around artificial intelligence.
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