ARM Holdings’s “Sell” Rating Reaffirmed at AlphaValue (ARM)
ARM Holdings (LON:ARM)‘s stock had its “sell” rating reiterated by research analysts at AlphaValue in a report released on Thursday, Analyst Ratings.Net reports. They currently have a GBX 712 ($11.42) price target on the stock. AlphaValue’s price objective suggests a potential downside of 24.70% from the stock’s previous close.
A number of other analysts have also recently weighed in on ARM. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 920 ($14.76) price target on the stock. Separately, 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. Finally, 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. Six 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 stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 868.14 ($13.93).
Shares of ARM Holdings (LON:ARM) opened at 977.0001 on Thursday. ARM Holdings has a 1-year low of GBX 570.00 and a 1-year high of GBX 1111.00. The stock has a 50-day moving average of GBX 905.8 and a 200-day moving average of GBX 916.5. The company’s market cap is £13.655 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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