Arm Holdings plc (NASDAQ:ARM – Get Free Report) has earned a consensus recommendation of “Hold” from the twenty-seven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating on the company.
A number of equities analysts recently weighed in on the company. Rosenblatt Securities lifted their price target on ARM from $140.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. KeyCorp boosted their price target on shares of ARM from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, April 8th. The Goldman Sachs Group raised their price objective on shares of ARM from $95.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Barclays boosted their target price on shares of ARM from $65.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company raised their target price on ARM from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday.
Institutional Trading of ARM
ARM Price Performance
Shares of NASDAQ:ARM opened at 101.21 on Friday. The stock’s 50 day moving average price is 124.15 and its 200 day moving average price is 89.08. ARM has a 12 month low of 46.50 and a 12 month high of 164.00.
ARM (NASDAQ:ARM – Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported 0.29 EPS for the quarter, topping the consensus estimate of 0.25 by 0.04. The business had revenue of 824.00 million during the quarter, compared to the consensus estimate of 762.50 million. The company’s revenue was up 13.8% compared to the same quarter last year. Research analysts forecast that ARM will post 0.36 EPS for the current fiscal year.
ARM Company Profile
Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.
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