ARM Holdings plc (NASDAQ:ARMH) : 5 brokerage houses believe that ARM Holdings plc (NASDAQ:ARMH) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ARM Holdings plc (NASDAQ:ARMH). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 2.13.
ARM Holdings plc (NASDAQ:ARMH) : Currently there are 8 street experts covering ARM Holdings plc (NASDAQ:ARMH) stock. The most bullish and bearish price target for the stock is $62 and $40 respectively for the short term. The average price target of all the analysts comes to $51.21. The estimated standard deviation from the target is $9.35.
For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Jefferies downgrades its rating on ARM Holdings plc (NASDAQ:ARMH).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 18, 2016.
ARM Holdings plc (NASDAQ:ARMH): stock turned positive on Tuesday. Though the stock opened at $42.24, the bulls momentum made the stock top out at $42.87 level for the day. The stock recorded a low of $41.99 and closed the trading day at $42.62, in the green by 3.98%. The total traded volume for the day was 2,122,293. The stock had closed at $40.99 in the previous days trading.
ARM Holdings plc (ARM) is a United Kingdom-based company engaged in designing of microprocessors, physical intellectual property (IP) and related technology and software, and sale of development tools. The Companys offers products, such as 16/32/64-bit RISC microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products. The Companys product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services. ARM licenses and sells its technology and products to international electronics companies, which in turn manufacture, market and sell microprocessors, application-specific integrated circuits (ASICs), application-specific standard processors (ASSPs) and microcontrollers (MCUs) based on ARMs technology to systems companies for incorporation into a variety of end products.