ARM Holdings Rating Reiterated by Goldman Sachs Group Inc. (ARM)
ARM Holdings (LON:ARM)‘s stock had its “buy” rating reaffirmed by Goldman Sachs Group Inc. in a research note issued on Tuesday, StockRatingsNetwork reports. They currently have a GBX 1,080 ($17.33) target price on the stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 14.23% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Benchmark Co. raised their price target on shares of ARM Holdings from GBX 48 ($0.77) to GBX 54 ($0.87) in a research note to investors on Thursday, October 3rd. They now have an “overweight” rating on the stock. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 868.53 ($13.93).
ARM Holdings (LON:ARM) traded down 3.27% during mid-day trading on Tuesday, hitting GBX 945.50. 4,274,329 shares of the company’s stock traded hands. 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 £13.215 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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