Shares of Arm Holdings PLC (NASDAQ: ARM) climbed in early trading on Thursday after rising in the premarket session.
Arm Holdings announced its fiscal third-quarter results amid an exciting earnings season. Here are some key analyst takeaways from the release.
Mizuho Securities analyst Vijay Rakesh maintained a Buy rating, while raising the price target from $85 to $100.
JPMorgan analyst Harlan Sur reiterated an Overweight rating, while lifting the price target from $70 to $100.
BofA Securities analyst Vivek Arya reiterated a Buy rating, while raising the price target from $80 to $110.
KeyBanc Capital Markets analyst John Vinh reaffirmed an Overweight rating, while raising the price target from $75 to $120.
Goldman Sachs analyst Toshiya Hari maintained a Buy rating and price target of $95.
Needham analyst Charles Shi reiterated a Hold Outperform rating on the stock.
Check out other analyst stock ratings.
Mizuho Securities: Arm reported strong quarterly results and guided to a stronger March quarter, “with next generation-v9 platform adoption and strong cloud growth,” Rakesh said in a note.
The company’s Royalty revenues came in at $470 million, beating the consensus estimate of $449 million, the analyst stated. “Strong top-line acceleration with new v9 we estimate driving …