ARM Holdings Stock Rating Reaffirmed by Morgan Stanley (ARM)
ARM Holdings (LON:ARM)‘s stock had its “equal weight” rating reiterated by research analysts at Morgan Stanley in a report released on Friday, AR Network reports. They currently have a GBX 925 ($14.46) price objective on the stock. Morgan Stanley’s target price indicates a potential downside of 6.23% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of ARM Holdings (LON:ARM) in a research note to investors on Thursday. They now have a GBX 1,050 ($16.42) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of ARM Holdings (LON:ARM) from GBX 750 ($11.73) to GBX 800 ($12.51) in a research note to investors on Thursday. They now have a “reduce” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of ARM Holdings (LON:ARM) from GBX 1,400 ($21.89) to GBX 1,500 ($23.45) in a research note to investors on Thursday. They now have a “strong-buy” rating on the stock.
Six research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 883.30 ($13.81).
Shares of ARM Holdings (LON:ARM) traded down 1.52% during mid-day trading on Friday, hitting GBX 971.50. The stock had a trading volume of 1,670,535 shares. The stock has a 50-day moving average of GBX 887.1 and a 200-day moving average of GBX 915.. The company’s market cap is £13.578 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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