Shares of Arm Holdings (NASDAQ:ARM) rose in early trading on Tuesday, after it reported upbeat fiscal second-quarter results.

Management did not provide full-year guidance.

Here are some key analyst takeaways:

BofA Securities analyst Vivek Arya maintained a Buy rating and price target of $205.

Rosenblatt Securities analyst Kevin Cassidy reiterated a Buy rating and price target of $180.

Benchmark analyst Cody Acree reaffirmed a Hold rating on the stock.

Needham analyst Charles Shi maintained a Hold rating.

Check out other analyst stock ratings.

BofA Securities: Arm reported quarterly sales and earnings 7% and 15% higher than expected. The company raised the December quarter outlook by 11% and 16%, respectively, "on continued strong data center momentum (up 2x YoY) and higher SoftBank contribution," he wrote.

The analyst stated that Arm Holdings has a strong position in the AI data center market and expects:

Market share gains

Rise in content per core

Increase in number of cores

Pipeline ...