ARM Holdings (LON:ARM)‘s stock had its “buy” rating restated by equities research analysts at Bank of America Corp. in a research note issued to investors on Tuesday, American Banking & Market News reports. They currently have a GBX 1,372 ($21.90) price target on the stock. Bank of America Corp.’s target price would suggest a potential upside of 39.08% from the company’s current price.
ARM has been the subject of a number of other recent research reports. Analysts at Societe Generale reiterated a “sell” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 640 ($10.22) price target on the stock. Separately, analysts at AlphaValue reiterated a “sell” rating on shares of ARM Holdings in a research note to investors on Thursday, October 10th. They now have a GBX 712 ($11.37) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Tuesday, October 8th. They now have a GBX 920 ($14.69) price target on the stock. Six analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. ARM Holdings currently has an average rating of “Hold” and a consensus price target of GBX 868.14 ($13.86).
ARM Holdings (LON:ARM) opened at 992.00 on Tuesday. ARM Holdings has a 52-week low of GBX 573.00 and a 52-week high of GBX 1111.00. The stock’s 50-day moving average is GBX 905.8 and its 200-day moving average is GBX 916.5. The company’s market cap is £13.864 billion.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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