Bank of America increases Arm stock price target following strong earnings

finance.yahoo.com

Bank of America raised its price target for Arm Holdings stock following stronger-than-expected March quarter earnings. The firm maintained a Neutral rating, citing that much of Arm's AI opportunity may already be priced into its valuation, despite strong demand in data centers. Arm's March quarter results exceeded expectations, driven by gains in AI and data center segments, though smartphone demand saw a slight dip.


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