Morgan Stanley Trims Price Target on Arm Holdings (ARM) to $171, Keeps Overweight Rating

Arm Holdings plc (NASDAQ:ARM) is one of the AI Stocks Every Investor Should Watch. On October 9, Morgan Stanley lowered the firm’s price target on the stock to $171 from $180 and kept an Overweight rating on the shares. Although the overall outlook on the stock is positive, the firm adjusted its estimates for Arm’s fiscal year 2027, leading to the price target reduction. Morgan Stanley highlighted that even though operating expenses have expanded, income from royalties and licensing income will support Q ...