Rich countries' first Arm (ARM.US) "Buy" rating is expected to accelerate revenue growth in fiscal year 2025 | uSMART

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Rich countries' first Arm (ARM.US) "Buy" rating is expected to accelerate revenue growth in fiscal year 2025

阿思達克 11-21 00:36

Wells Fargo released a report on Monday that gave British chip designer Arm (ARM.US) a "buy" rating and set a target price of $70, meaning the stock has the potential to rise 27% from Friday's closing price. Wells Fargo said arm's revenue grew by about 13% in fiscal 2024, which it attributed to future licensing transactions, and expects revenue growth to accelerate in fiscal 2025, driven mainly by cyclical chip recovery and higher royalties. Large technology companies such as AAPL.US (AAPL) and Alphabet (GOOG.US) all have chip designs that use Arm.

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