Arm price target raised to $200 from $165 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Arm (ARM) to $200 from $165 and keeps an Overweight rating on the shares. The “Arm Everywhere” event made it clear that CPUs play a very important role in agentic AI and the company’s solution is the AGI CPU, which “plays to ARM’s strength in energy efficiency,” the analyst tells investors. The firm, which thinks this is “an interesting product that nicely suits the company’s core strength in low power,” would expect more customer announcements and product launches, such as XPUs, to drive upside through the end of the decade.