ARM Holdings plc (NASDAQ:ARMH) had its target price lifted by Benchmark Co. from $45.00 to $48.00 in a research note released on Wednesday morning, AnalystRatingsNetwork reports. They currently have a buy rating on the stock.
A number of other firms have also recently commented on ARMH. Analysts at Zacks upgraded shares of ARM Holdings plc from a neutral rating to an outperform rating in a research note to investors on Tuesday, July 9th. They now have a $40.80 price target on the stock. Separately, analysts at UBS AG upgraded shares of ARM Holdings plc from a neutral rating to a buy rating in a research note to investors on Wednesday, July 3rd. Finally, analysts at Piper Jaffray Cos. upgraded shares of ARM Holdings plc from a neutral rating to an overweight rating in a research note to investors on Wednesday, June 26th. They now have a $42.00 price target on the stock.
Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $42.47.
ARM Holdings plc (NASDAQ: ARMH) traded down 0.91% on Wednesday, hitting $39.37. ARM Holdings plc has a 1-year low of $24.58 and a 1-year high of $50.56. The stock’s 50-day moving average is currently $39.08. The company has a market cap of $18.329 billion and a price-to-earnings ratio of 65.89.
ARM Holdings plc (NASDAQ: ARMH) designs microprocessors, physical Internet protocol (IP) and related technology and software, and sells development tools.
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