Shares of Arm Holdings plc (NASDAQ:ARM – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, nineteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $165.23.
ARM has been the subject of several research reports. Susquehanna lifted their price target on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Benchmark reaffirmed a “hold” rating on shares of ARM in a report on Thursday, February 6th. Wells Fargo & Company lifted their price target on shares of ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of ARM in a report on Thursday, February 6th. Finally, Evercore ISI lifted their price target on shares of ARM from $176.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, February 6th.
Read Our Latest Research Report on ARM
Institutional Trading of ARM
ARM Stock Performance
ARM opened at $117.94 on Monday. The company has a 50-day moving average of $145.26 and a 200-day moving average of $141.33. The company has a market capitalization of $123.58 billion, a P/E ratio of 155.19, a PEG ratio of 6.33 and a beta of 4.77. ARM has a 1-year low of $85.61 and a 1-year high of $188.75.
About ARM
Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.
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