Arm Holdings plc (NASDAQ:ARM) is a trending AI Stock on Wall Street. On July 10, Goldman Sachs analyst James Schneider initiated coverage on the stock with a “Neutral” rating and a price target of $160.00.
Goldman Sachs is optimistic that Arm will maintain its lead in the smartphone market, as well as increase its penetration in the data center segment now that hyperscalers are increasingly deploying custom ARM-based CPUs.
Another positive factor highlighted by the firm is the anticipation that ARM will leverage the v8 to v9 transition and greater adoption of Compute Subsystems (CSS) to take advantage of increased royalty rates.
A financial analyst giving a presentation to a group of investors about annuity insurance.
However, the firm believes that both of these factors are already understood by the investors and reflected in the stock price. As such, there is limited upside for the stock.
Arm Holdings plc (NASDAQ:ARM) is a semiconductor and software design company that designs and manufactures semiconductor technology and other related products.
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