Barclays Reiterates Overweight Rating for ARM Holdings (ARM)
ARM Holdings (LON:ARM)‘s stock had its “overweight” rating restated by research analysts at Barclays in a report released on Wednesday, StockRatingsNetwork reports. They currently have a GBX 1,125 ($18.19) price objective on the stock. Barclays’ target price points to a potential upside of 14.45% from the stock’s previous close.
ARM Holdings (LON:ARM) traded up 2.34% 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 has a 50-day moving average of GBX 966.6 and a 200-day moving average of GBX 925.6. The company’s market cap is £13.739 billion.
A number of other firms have also recently commented on ARM. Analysts at S&P Equity Research downgraded shares of ARM Holdings from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 22nd. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of ARM Holdings from GBX 53 ($0.86) to GBX 56 ($0.91) in a research note to investors on Tuesday, October 22nd. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Tuesday, October 22nd. They now have a GBX 625 ($10.11) price target on the stock. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. ARM Holdings has a consensus rating of “Hold” and an average 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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