From MarketBeat:



Shares of Arm Holdings plc (NASDAQ:ARM) reached a new 52-week high after Rosenblatt Securities raised their price target on the stock. The stock was last traded at $72.34, and Rosenblatt Securities currently has a buy rating on the stock. Other equities research analysts also issued research reports about the company, with Bank of America, Societe Generale, The Goldman Sachs Group, Needham & Company LLC, and Wolfe Research, reporting varied ratings and price objectives for the stock. ARM last released its quarterly earnings results, reporting 0.36 earnings per share for the quarter. The company reported a revenue of 806.00 million, up 27.9% compared to the same quarter last year. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of 63.68. Several institutional investors and hedge funds have recently bought and sold shares of the business. The company’s fifty-day moving average is at $58.69, and on average, research analysts anticipate that Arm Holdings plc will post 1.06 EPS for the current fiscal year. Arm’s profile was also discussed in the article, as it offers microprocessors, systems intellectual property (IPs), graphics processing units, and other related technologies and services. This news alert was generated by technology and financial data from MarketBeat, and MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on. While ARM currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.



Read more: ARM (NASDAQ:ARM) Reaches New 1-Year High Following Analyst Upgrade