ARM JPMorgan upped its price target on Arm to $255 from $240. Analysts cited a "clean beat" that cements the chip designer's position as an

ARM JPMorgan upped its price target on Arm to $255 from $240. Analysts cited a "clean beat" that cements the chip designer's position as an AI-era compute platform. They kept their buy rating. The stock is up 11% on the earnings release, erasing all of yesterday's sell-off. Although Arm posted a record first quarter for overall revenue, guidance was mixed. Shares are up over 105% year to date, but still well off their June highs. - per Cramer Investing Club Newsletter