1 Wall Street Analyst Thinks Arm Holdings Stock Is Going to $135. Is It a Buy?

Arm chips are gaining traction in the data center and PC markets.While chips based on Arm Holdings' (ARM 1.45%) technology dominate multiple markets, including smartphones, it's the company's opportunity to expand its presence in the data center and PC market that has analysts at KeyBanc excited.KeyBanc reiterated its "overweight" rating on Arm to kick off the week while boosting its price target from $120 to $135. From its current price, the new target suggests a 6.5% upside over the next 12 months or so. ...