ARM Holdings Rating Reiterated by Espirito Santo Investment Bank Research (ARM)
ARM Holdings (LON:ARM)‘s stock had its “buy” rating restated by investment analysts at Espirito Santo Investment Bank Research in a note issued to investors on Tuesday, AnalystRatings.Net reports. They currently have a GBX 1,250 ($20.50) price target on the stock. Espirito Santo Investment Bank Research’s target price indicates a potential upside of 18.48% from the stock’s previous close.
A number of other analysts have also recently weighed in on ARM. Analysts at Barclays reiterated an “overweight” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 1,125 ($18.45) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 1,150 ($18.86) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of ARM Holdings in a research note to investors on Monday. They now have a GBX 590 ($9.68) price target on the stock. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 769.50 ($12.62).
ARM Holdings (LON:ARM) traded down 2.13% on Tuesday, hitting GBX 1055.00. 3,901,934 shares of the company’s stock traded hands. ARM Holdings has a 52 week low of GBX 752.00 and a 52 week high of GBX 1112.00. The stock has a 50-day moving average of GBX 1032. and a 200-day moving average of GBX 949.4. The company’s market cap is £14.754 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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