ARM Holdings Stock Rating Lowered by BMO Capital Markets (ARM)
ARM Holdings (LON:ARM) was downgraded by research analysts at BMO Capital Markets to a “market perform” rating in a report released on Friday, American Banking and Market News reports. They currently have a GBX 1,150 ($18.96) price target on the stock. BMO Capital Markets’ price objective suggests a potential upside of 5.02% from the stock’s previous close.
ARM Holdings (LON:ARM) opened at 1099.00 on Friday. ARM Holdings has a 1-year low of GBX 752.00 and a 1-year high of GBX 1112.00. The stock’s 50-day moving average is GBX 1019. and its 200-day moving average is GBX 942.2. The company’s market cap is £15.370 billion.
A number of other analysts have also recently weighed in on ARM. Analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Thursday. They now have a GBX 960 ($15.83) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Thursday, December 19th. They now have a GBX 1,250 ($20.61) price target on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of ARM Holdings in a research note to investors on Thursday, December 12th. They set an “outperform” rating on the stock. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 769.50 ($12.69).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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