Arm price target raised to $125 from $110 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Arm (ARM) to $125 from $110 but keeps a Sell rating on the shares as part of a broader research note previewing Q1 results for Semiconductors. The firm sees fundamental upside across most sub-sectors of the semiconductor ecosystem heading into earnings, adding that it has a preference for companies with the greatest industrial, aero/defense and datacenter exposure, though it also believes that expectations are elevated for the company given the significant run-up in the stock, the analyst tells investors in a research note.