ARM Holdings Rating Reiterated by JPMorgan Chase & Co. (ARM)
ARM Holdings (LON:ARM)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Thursday, Analyst Ratings News reports. They currently have a GBX 750 ($12.33) target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 16.71% from the company’s current price.
ARM Holdings (LON:ARM) traded up 0.90% on Thursday, hitting GBX 900.50. The stock had a trading volume of 4,859,919 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 1017. and its 200-day moving average is GBX 966.6. The company’s market cap is £12.606 billion.
A number of other analysts have also recently weighed in on ARM. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Wednesday. Separately, analysts at Numis Securities Ltd upgraded shares of ARM Holdings to a “hold” rating in a research note to investors on Wednesday. They now have a GBX 880 ($14.46) price target on the stock. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Wednesday. They now have a GBX 1,050 ($17.26) price target on the stock. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 803.52 ($13.20).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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