Cloud Stocks Show Upgrades Amid Market Trends
Wall Street analysts at Needham upgraded Arm Holdings (NASDAQ: ARM) to a buy on March 30, setting a price target of $200 per share, indicating a potential 45% upside from its current trading price of around $138. Arm announced the launch of its own CPU chip, the Arm AGI CPU, aimed at AI data centers, with projections to generate $15 billion annually by 2031.
In a separate upgrade, Morgan Stanley raised CrowdStrike’s (NASDAQ: CRWD) rating to overweight and increased its price target from $487 to $510 per share, reflecting a projected 33% return from its current price of $384. CrowdStrike reported a 23% revenue increase in its latest fiscal fourth-quarter earnings, highlighting robust growth in its Falcon Flex platform, which saw a 120% rise in annual recurring revenue.
