ARM Holdings Price Target Raised to GBX 1,080 at RBC Capital (ARM)
Equities research analysts at RBC Capital hoisted their target price on shares of ARM Holdings (LON:ARM) from GBX 1,050 ($16.99) to GBX 1,080 ($17.47) in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target indicates a potential upside of 10.66% from the company’s current price.
A number of other firms have also recently commented on ARM. Analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings in a research note to investors on Friday, October 25th. They now have a GBX 115 ($1.86) price target on the stock. Separately, analysts at Raymond James raised their price target on shares of ARM Holdings from GBX 50 ($0.81) to GBX 55 ($0.89) in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of ARM Holdings to GBX 60 ($0.97) in a research note to investors on Wednesday, October 23rd. They now have an “overweight” rating on the stock. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 797.02 ($12.89).
ARM Holdings (LON:ARM) traded down 1.81% on Tuesday, hitting GBX 976.00. 2,508,500 shares of the company’s stock traded hands. ARM Holdings has a 52 week low of GBX 683.50 and a 52 week high of GBX 1111.00. The stock’s 50-day moving average is GBX 988. and its 200-day moving average is GBX 932.1. The company’s market cap is £13.649 billion.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.