ARM Holdings plc Receives Overweight Rating from Barclays (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays in a research note issued to investors on Tuesday. They currently have a GBX 1,200 ($20.58) target price on the stock. Barclays’ target price suggests a potential upside of 36.91% from the stock’s previous close.
ARM has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of ARM Holdings plc in a research note on Monday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Tuesday, June 24th. They now have a GBX 1,200 ($20.58) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Monday, June 16th. They now have a GBX 900 ($15.44) price target on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 830.41 ($14.24).
Shares of ARM Holdings plc (LON:ARM) traded down 2.88% during mid-day trading on Tuesday, hitting GBX 876.5001. The stock had a trading volume of 2,966,153 shares. ARM Holdings plc has a 52 week low of GBX 825.50 and a 52 week high of GBX 1112.00. The stock has a 50-day moving average of GBX 895.8 and a 200-day moving average of GBX 954.6. The company’s market cap is £12.350 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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