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June 10, 2014
07:55 EDTARMHARM Holdings under-valued, gaining momentum, says Canaccord
Canaccord believes the emerging ARM server is gaining momentum and that the eventual royalty opportunity will prove larger than consensus expectations. The firm believes the server royalties can contribute meaningfully and augment royalty rates in its key mobile markets and under-penetrated enterprise and IoT markets. Canaccord keeps a Buy rating with a $60 price target on ARM Holdings.
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