ARM Holdings plc’s “Neutral” Rating Reaffirmed at JPMorgan Chase & Co. (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 750 ($12.60) target price on the stock. JPMorgan Chase & Co.’s target price points to a potential downside of 20.68% from the company’s current price.
Shares of ARM Holdings plc (LON:ARM) traded down 1.51% on Thursday, hitting GBX 945.50. 5,381,124 shares of the company’s stock traded hands. ARM Holdings plc 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 981. and a 200-day moving average of GBX 987.9. The company’s market cap is £13.321 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC raised their price target on shares of ARM Holdings plc from GBX 1,080 ($18.14) to GBX 1,120 ($18.81) in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday. They now have a GBX 1,250 ($20.99) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday. They now have a GBX 1,100 ($18.47) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty have given a buy rating to the company. ARM Holdings plc currently has a consensus rating of “Hold” and an average price target of GBX 839.23 ($14.10).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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