Arm Holdings plc (NASDAQ:ARM – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-seven analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $152.09.
A number of research analysts have commented on the stock. Loop Capital raised their price target on shares of ARM from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. UBS Group began coverage on shares of ARM in a research note on Monday, November 25th. They issued a “buy” rating and a $160.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on shares of ARM from $155.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Susquehanna lifted their target price on shares of ARM from $118.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd.
View Our Latest Stock Report on ARM
Institutional Investors Weigh In On ARM
ARM Stock Performance
Shares of NASDAQ:ARM opened at $149.47 on Friday. The company has a market cap of $156.62 billion, a P/E ratio of 249.12, a P/E/G ratio of 8.41 and a beta of 4.53. The stock’s 50-day moving average is $140.34 and its 200-day moving average is $140.23. ARM has a 52-week low of $69.32 and a 52-week high of $188.75.
ARM (NASDAQ:ARM – Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. ARM had a return on equity of 13.69% and a net margin of 18.13%. The business had revenue of $844.00 million for the quarter, compared to the consensus estimate of $810.03 million. During the same period last year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that ARM will post 0.84 EPS for the current 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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