UBS Starts Arm Holdings (ARM) at Buy

UBS analyst Timothy Arcuri initiates coverage on Arm Holdings (NASDAQ: ARM) with a Buy rating and a price target of $160.00.

The analyst comments: "We initiate coverage of Arm Holdings (ARM) with a Buy rating and $160 price target (20% upside). AI is driving positive growth vectors across all of ARM's key end markets, with data center particularly fertile ground as the customer base for its IP licenses expands and cloud customers push for more power optimized CPU architectures (a core strength of ARM's offering). Even in smartphone (~50% of revenue) where ARM's penetration is already very high, it should still outgrow the market as royalty rates move higher and the processor grows as a portion of phone cost. Valuation looks rich, but the market wants growth and we can still see upside here to our $160 PT."

For an analyst ratings summary and ratings history on Arm Holdings click here. For more ratings news on Arm Holdings click here.

Shares of Arm Holdings closed at $135.99 yesterday.

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