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Stock impact report

KeyBanc raises target on Arm Holdings plc (ARM) As Earnings Impress [Yahoo! Finance]

Arm Holdings plc - American Depositary Shares (ARM) 
Company Research Source: Yahoo! Finance
KeyBanc reiterated an ‘Overweight' rating on Arm Holdings plc (NASDAQ:ARM), while increasing the price target to $200 from $190, implying a potential upside of nearly 26%. This optimism follows the company's robust second-quarter results, which demonstrated better-than-expected performance in both its royalty and licensing segments. Royalty growth is primarily attributed to smartphones, as Arm Holdings plc (NASDAQ:ARM) benefited from increased CSS (Compute Subsystem) shipments and higher Armv9 shipments, following the start of Qualcomm's supply of its upgraded application processors. KeyBanc notes revenue from data centers impressively doubled YoY. Similarly, automotive and IoT businesses also showcased progress, thus contributing to the raised guidance. Jim Cramer Says Oracle (ORCL) Has A Culture Of Winning The investment firm is confident regarding the company's position across its key markets. In the second quarter, Arm Holdings plc (NASDAQ:ARM) delivered $1.14 billion in rev Show less Read more
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