ARM Holdings Receives Neutral Rating from Espirito Santo Investment Bank Research (ARM)
ARM Holdings (LON:ARM)‘s stock had its “neutral” rating restated by equities research analysts at Espirito Santo Investment Bank Research in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 920 ($14.76) target price on the stock. Espirito Santo Investment Bank Research’s price target points to a potential downside of 5.15% from the company’s current price.
A number of other firms have also recently commented on ARM. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 1,080 ($17.33) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 1,080 ($17.33) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Monday. They now have a GBX 940 ($15.08) price target on the stock. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. ARM Holdings has a consensus rating of “Hold” and a consensus price target of GBX 868.53 ($13.93).
ARM Holdings (LON:ARM) opened at 973.4999 on Tuesday. ARM Holdings has a one year low of GBX 570.00 and a one year 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 £13.606 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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