Arm price target lowered to $130 from $140 at RBC Capital

RBC Capital analyst Srini Pajjuri lowered the firm’s price target on Arm (ARM) to $130 from $140 but keeps an Outperform rating on the shares after its Q3 results. A slower Q4 royalty growth outlook likely impacted the stock in the aftermarket, though the management sounded confident about sustaining 20% growth in FY27, the analyst tells investors in a research note.