Evercore ISI analyst Mark Lipacis raised the firm’s price target on Arm (ARM) to $215 from $178 and keeps an Outperform rating on the shares following a “strong beat,” with revenues and EPS surpassing Street expectations by 7% and 19%, respectively. The outlook for the upcoming quarter “remains robust,” with revenue and EPS guidance exceeding consensus by 10% and 15%, respectively, the analyst noted.
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