ARM Holdings Receives “Buy” Rating from Bank of America Corp. (ARM)
ARM Holdings (LON:ARM)‘s stock had its “buy” rating reaffirmed by equities researchers at Bank of America Corp. in a research report issued on Tuesday, American Banking News reports. They currently have a GBX 1,372 ($22.14) price target on the stock. Bank of America Corp.’s price objective would indicate a potential upside of 39.15% from the company’s current price.
A number of other analysts have also recently weighed in on ARM. Analysts at AlphaValue reiterated a “sell” rating on shares of ARM Holdings (LON:ARM) in a research note to investors on Thursday, September 26th. They now have a GBX 722 ($11.65) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings (LON:ARM) in a research note to investors on Wednesday, September 18th. They now have a GBX 940 ($15.17) price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of ARM Holdings (LON:ARM) in a research note to investors on Friday, September 13th. They now have a GBX 925 ($14.92) price target on the stock. Six research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 883.57 ($14.26).
ARM Holdings (LON:ARM) traded up 1.22% during mid-day trading on Tuesday, hitting GBX 997.9999. The stock had a trading volume of 2,059,706 shares. ARM Holdings has a 52-week low of GBX 570.00 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 £13.948 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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