ARM Holdings Price Target Increased to GBX 60 by Analysts at Evercore Partners (ARM)
Equities research analysts at Evercore Partners raised their price target on shares of ARM Holdings (LON:ARM) to GBX 60 ($0.97) in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Evercore Partners’ price objective points to a potential downside of 93.90% from the company’s current price.
A number of other analysts have also recently weighed in on ARM. Analysts at BNP Paribas raised their price target on shares of ARM Holdings from GBX 940 ($15.20) to GBX 960 ($15.52) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at UBS AG downgraded shares of ARM Holdings to a “neutral” rating in a research note to investors on Wednesday. They now have a GBX 1,050 ($16.98) price target on the stock, up previously from GBX 970 ($15.69). Finally, analysts at Societe Generale raised their price target on shares of ARM Holdings from GBX 640 ($10.35) to GBX 680 ($11.00) in a research note to investors on Wednesday. They now have a “sell” rating on the stock. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 783.35 ($12.67).
Shares of ARM Holdings (LON:ARM) traded up 2.34% on Wednesday, hitting GBX 983.00. 4,698,214 shares of the company’s stock traded hands. ARM Holdings has a 52 week low of GBX 645.232 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 £13.739 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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