ARM Holdings plc Given Buy Rating at Jefferies Group (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report released on Monday, AR Network reports. They currently have a GBX 1,140 ($19.20) target price on the stock. Jefferies Group’s price objective suggests a potential upside of 32.48% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. downgraded shares of ARM Holdings plc to a “neutral” rating in a research note on Wednesday, April 30th. They now have a GBX 950 ($16.00) price target on the stock, down previously from GBX 1,020 ($17.18). Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Thursday, April 24th. They now have a GBX 1,100 ($18.53) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of ARM Holdings plc in a research note on Thursday, April 24th. They now have a GBX 1,200 ($20.21) price target on the stock. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have given a buy rating to the stock. ARM Holdings plc presently has an average rating of “Hold” and an average price target of GBX 829 ($13.96).
Shares of ARM Holdings plc (LON:ARM) opened at 860.4999 on Monday. ARM Holdings plc has a one year low of GBX 752.00 and a one year high of GBX 1112.00. The stock’s 50-day moving average is GBX 944.2 and its 200-day moving average is GBX 977.6. The company’s market cap is £12.124 billion.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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