Jefferies Raises Price Target for Arm Holdings to $320 Amid AI-Driven CPU Demand
Jefferies has increased its price target on Arm Holdings (NASDAQ:ARM) from $290 to $320, citing rising demand for AGI CPUs driven by artificial intelligence. The firm forecasts higher-than-guidance revenue of $18 billion in the 2031 financial year and expects Meta, OpenAI, Oracle, and ByteDance as key customers.
Topics: AI CPU demand price target upgrade