UBS raised the firm’s price target on Arm (ARM) to $200 from $175 and keeps a Buy rating on the shares. Arm’s earnings on November 5 are approaching with a slight upward bias as handset, Client CPU, and Server CPU trends appear favorable, the analyst says in a research note. Tariff concerns in the smartphone supply chain have eased, and improved sell-through data plus steady iPhone 17 build plans suggest modest upside for key handset makers, UBS argues.
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