KeyBanc raised the firm’s price target on Arm (ARM) to $190 from $175 and keeps an Overweight rating on the shares. The firm notes Arm posted in-line Q1 results, as royalties miss, while licensing beat. Q2 guidance is mixed, as revenues were in line, while EPS is below, KeyBanc adds. The firm views Arm developing full solutions as complicated, but garnering 10% share is likely to add several billion dollars in accretive revenues.
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