Arm Stock Surges After Bernstein Sets $300 Price Target
Bernstein initiated coverage on Arm Holdings (ARM) with an 'Outperform' rating and a bold $300 price target, sending the stock into overbought territory. The move follows strong quarterly results showing revenue of $1.49 billion and significant growth in licensing sales and data center royalty revenue.
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Topics: AI agents ARM Holdings Bernstein analyst rating CPU renaissance data center growth