Arm Holdings plc (NASDAQ:ARM – Get Free Report) has received an average recommendation of “Moderate Buy” from the thirty brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $125.96.
A number of research firms have recently commented on ARM. Guggenheim increased their price target on shares of ARM from $110.00 to $169.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of ARM from $82.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Bank of America increased their price target on shares of ARM from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of ARM in a research report on Thursday, August 1st. Finally, William Blair started coverage on shares of ARM in a research report on Wednesday, September 18th. They issued an “outperform” rating for the company.
View Our Latest Research Report on ARM
Institutional Trading of ARM
ARM Price Performance
Shares of NASDAQ ARM opened at $145.58 on Monday. ARM has a 1 year low of $46.50 and a 1 year high of $188.75. The company’s 50-day moving average is $133.29 and its 200 day moving average is $133.25. The stock has a market capitalization of $152.54 billion and a P/E ratio of 150.77.
ARM (NASDAQ:ARM – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $905.53 million. ARM had a net margin of 12.12% and a return on equity of 18.97%. ARM’s quarterly revenue was up 39.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Research analysts anticipate that ARM will post 0.86 earnings per share for the current year.
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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