Evercore ISI raised the firm’s price target on Arm (ARM) to $227 from $170 and keeps an Outperform rating on the shares. With new server CPU products driving a path to $15B in revenue by FY31 and $9-plus in EPS, and longer-term earnings power potentially reaching $13-$23 as the company expands into additional markets, the firm views Arm as “a key beneficiary of agentic AI,” the analyst tells investors.
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