Jefferies Raises Price Target for Arm Due to Stronger AI-Driven Demand Outlook
Jefferies has raised its price target for Arm Holdings (NASDAQ:ARM) to $320 from $290, citing stronger demand driven by artificial intelligence workloads. The firm expects Arm's AI CPU revenue to reach $18 billion in fiscal 2031 and highlighted Oracle and ByteDance as new customers.
Topics: AI Semiconductors Stock Analysis