ARM Holdings PT Raised to GBX 680 at Societe Generale (ARM)
Equities researchers at Societe Generale hoisted their price target on shares of ARM Holdings (LON:ARM) from GBX 640 ($10.35) to GBX 680 ($11.00) in a research report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “sell” rating on the stock. Societe Generale’s price objective points to a potential downside of 30.82% from the stock’s previous close.
ARM Holdings (LON:ARM) traded up 2.34% during mid-day trading on Wednesday, hitting GBX 983.00. The stock had a trading volume of 4,698,214 shares. 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.
A number of other analysts have also recently weighed in on ARM. Analysts at Jefferies Group reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Wednesday. They now have a GBX 1,300 ($21.02) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of ARM Holdings from GBX 1,080 ($17.46) to GBX 1,130 ($18.27) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of ARM Holdings in a research note to investors on Wednesday. They now have a GBX 1,125 ($18.19) price target on the stock. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 783.35 ($12.67).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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