Arm Stock Soars on AI Buzz: Price Hits $170 as Analysts Hike Targets
Arm Holdings shares closed at $170.68 Friday, up 2.5% for the week and over 34% year-to-date amid AI sector momentum. Wells Fargo set a $190 price target, while TD Cowen raised its target to $175. Arm announced new AI partnerships with Meta and OpenAI. SoftBank, which owns about 90% of Arm, is reportedly seeking a $5 billion loan using Arm stock as collateral.