ARM Holdings’s “Hold” Rating Reaffirmed at Deutsche Bank (ARM)
ARM Holdings (LON:ARM)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, AnalystRatings.NET reports. They currently have a GBX 1,070 ($17.63) price objective on the stock. Deutsche Bank’s price target points to a potential upside of 8.19% from the stock’s previous close.
ARM Holdings (LON:ARM) traded up 0.25% on Friday, hitting GBX 989.0001. The stock had a trading volume of 3,566,791 shares. 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 1035. and its 200-day moving average is GBX 957.7. The company’s market cap is £13.831 billion.
A number of other analysts have also recently weighed in on ARM. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Monday. They now have a GBX 750 ($12.36) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of ARM Holdings in a research note to investors on Friday, January 10th. They now have a GBX 725 ($11.95) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of ARM Holdings to a “buy” rating in a research note to investors on Friday, January 10th. They now have a GBX 1,500 ($24.72) price target on the stock. Six 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’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 796.93 ($13.13).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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