Arm price target raised to $180 from $171 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Arm (ARM) to $180 from $171 and keeps an Overweight rating on the shares. Arm beat the upper end of guidance in sales and earnings and reported solid momentum well beyond the end of this year, the analyst tells investors in a research note. The firm raised opex again, signaling a growing number of AI-related projects from edge to cloud.