Arm Holdings PLC (NASDAQ:ARM) shares jumped in early trading on Thursday, after the company reported upbeat quarterly results.
• ARM Holdings shares are climbing with conviction. Why is ARM stock surging?
Here are the key analyst insights:
- JPMorgan analyst Harlan Sur reiterated an Overweight rating, while cutting the price target from $180 to $145.
- Rosenblatt Securities analyst Kevin Cassidy reiterated a Buy rating, while trimming the price target from $180 to $175.
- KeyBanc Capital Markets analyst John Vinh maintained an Overweight rating, while lowering the price target from $200 to $170.
- Benchmark analyst Cody Acree reaffirmed a Hold rating on the stock.
Check out other analyst stock ratings.
JPMorgan: Arm Holdings reported revenues of $1.242 billion for the fiscal third quarter, up 9% sequentially and 26% year-on-year, above consensus of $1.23 billion, Sur said in a note. The company’s revenues were driven by better royalty revenues from smartphones and cloud …