ARM Holdings Price Target Increased to GBX 56 by Analysts at Piper Jaffray Cos. (ARM)
Equities researchers at Piper Jaffray Cos. raised their price target on shares of ARM Holdings (LON:ARM) from GBX 53 ($0.86) to GBX 56 ($0.91) in a research report issued on Tuesday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Piper Jaffray Cos.’s price target suggests a potential downside of 94.42% from the company’s current price.
ARM Holdings (LON:ARM) traded down 3.37% on Tuesday, hitting GBX 1004.00. 8,713,639 shares of the company’s stock traded hands. ARM Holdings has a 52 week low of GBX 598.50 and a 52 week high of GBX 1111.00. The stock’s 50-day moving average is GBX 966.6 and its 200-day moving average is GBX 925.6. The company’s market cap is £14.032 billion.
A number of other firms have also recently commented on ARM. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 625 ($10.11) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 1,100 ($17.79) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 800 ($12.94) price target on the stock. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. ARM Holdings has a consensus rating of “Hold” and an average price target of GBX 871.68 ($14.10).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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