Morgan Stanley Raises Arm Holdings Price Target to $202

Morgan Stanley analyst Lee Simpson raised the price target on Arm Holdings (NASDAQ: ARM) to $202.00 (from $191.00) while maintaining an Equalweight rating.

“CPU demand appears strong, but guidance is prudent reflecting supply as the gating factor. We see royalties as the cleaner nearterm growth driver led by Cloud AI.

We remain Equal-weight, though lift our PT to $202 on IP multiple expansion.”

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