ARM Holdings Stock Rating Reaffirmed by RBC Capital (ARM)
ARM Holdings (LON:ARM)‘s stock had its “outperform” rating reaffirmed by RBC Capital in a research note issued on Monday, AnalystRatings.NET reports. They currently have a GBX 1,080 ($17.75) price target on the stock. RBC Capital’s price target points to a potential upside of 15.51% from the company’s current price.
ARM Holdings (LON:ARM) traded up 0.53% on Monday, hitting GBX 939.9999. The stock had a trading volume of 3,820,478 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 1023. and a 200-day moving average of GBX 966.0. The company’s market cap is £13.146 billion.
ARM has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of ARM Holdings in a research note to investors on Monday. They now have a GBX 1,200 ($19.72) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of ARM Holdings from GBX 1,150 ($18.90) to GBX 1,100 ($18.08) in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Friday. They now have a GBX 1,100 ($18.08) price target on the stock. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 798.61 ($13.12).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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