Arm Holdings plc (NASDAQ:ARM – Get Free Report) traded up 0.9% on Tuesday after Loop Capital raised their price target on the stock from $180.00 to $195.00. Loop Capital currently has a buy rating on the stock. ARM traded as high as $163.11 and last traded at $162.22. 1,245,851 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 6,846,593 shares. The stock had previously closed at $160.84.
Other analysts also recently issued reports about the company. Evercore ISI lifted their target price on ARM from $176.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Susquehanna lifted their price objective on shares of ARM from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price objective on shares of ARM from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Rosenblatt Securities raised their target price on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, UBS Group started coverage on ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ARM currently has an average rating of “Moderate Buy” and a consensus price target of $162.83.
Check Out Our Latest Analysis on ARM
Institutional Investors Weigh In On ARM
ARM Trading Down 1.9 %
The business’s 50-day simple moving average is $145.10 and its 200-day simple moving average is $139.72. The company has a market capitalization of $165.28 billion, a PE ratio of 207.56, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57.
About ARM
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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