JPMorgan analyst Harlan Sur lowered the firm’s price target on Arm (ARM) to $150 from $175 and keeps an Overweight rating on the shares. The company reported fiscal Q4 results with better revenue, margins, and earnings, driven by record licensing and royalty revenues and slightly lower spend, the analyst tells investors in a research note. However, the firm cut estimates to account for more tariff and trade uncertainty starting in the second half of 2025.
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