ARM Holdings Given “Neutral” Rating at JPMorgan Chase & Co. (ARM)
ARM Holdings (LON:ARM)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a GBX 750 ($12.36) price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 23.31% from the company’s current price.
Shares of ARM Holdings (LON:ARM) traded up 0.62% during mid-day trading on Monday, hitting GBX 978.00. The stock had a trading volume of 3,285,754 shares. 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 1036. and a 200-day moving average of GBX 954.4. The company’s market cap is £13.677 billion.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “sell” rating on shares of ARM Holdings in a research note to investors on Friday. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of ARM Holdings to a “buy” rating in a research note to investors on Friday. They now have a GBX 1,500 ($24.72) price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of ARM Holdings to a “hold” rating in a research note to investors on Thursday. They now have a GBX 1,070 ($17.63) price target on the stock, down previously from GBX 1,130 ($18.62). Six investment 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 currently has a consensus rating of “Hold” and an average price target of GBX 799.50 ($13.18).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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