ARM Holdings Rating Lowered to Hold at Deutsche Bank (ARM)
ARM Holdings (LON:ARM) was downgraded by stock analysts at Deutsche Bank to a “hold” rating in a report issued on Thursday, American Banking and Market News reports. They currently have a GBX 1,070 ($17.55) price target on the stock, down from their previous price target of GBX 1,130 ($18.53). Deutsche Bank’s target price points to a potential upside of 7.27% from the stock’s previous close.
A number of other analysts have also recently weighed in on ARM. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Tuesday. They now have a GBX 1,250 ($20.50) price target on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 767.36 ($12.59).
Shares of ARM Holdings (LON:ARM) traded down 6.51% on Thursday, hitting GBX 997.5001. 7,164,410 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 £13.950 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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