Arm price target raised to $240 from $201 at Guggenheim

Guggenheim raised the firm’s price target on Arm (ARM) to $240 from $201 and keeps a Buy rating on the shares after the company hosted its “Arm Everywhere” event. The launch of the company’s first in house chip, the AGI CPU, is extending ARM’s business beyond its traditional IP Licensing and CSS model, says the analyst, who also notes that in tandem the company initiated a FY31 Revenue target of $25B, including $10B for the traditional IP License/CSS business and $15B for the new CPU business, which represents about five-times growth from implied FY26 revenue guidance.