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
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