Raymond James raised the firm’s price target on Arm (ARM) to $244 from $166 and keeps an Outperform rating on the shares. Arm delivered a Q4 beat with guidance broadly in line with expectations, highlighted a sharp upward revision in FY28 CPU demand, and saw strong royalty growth driven by cloud and data center strength that offset weaker smartphone royalties, while supply constraints prevented a corresponding increase in the revenue outlook despite improved demand visibility, the analyst tells investors in a research note.
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