ARM Holdings plc (ARMH) has an average broker rating of 2.63, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.
ARM Holdings plc (ARMH) : 6 Wall Street analysts covering ARM Holdings plc (ARMH) believe that the average level the stock could reach for the short term is $51.57. The maximum price target given is $68 and the minimum target for short term is around $40, hence the standard deviation is calculated at $12.16.
Company shares have received an average consensus rating of Hold for the current week ARM Holdings plc (NASDAQ:ARMH): The stock opened at $65.65 on Thursday but the bulls could not build on the opening and the stock topped out at $65.71 for the day. The stock traded down to $65.50 during the day, due to lack of any buying support eventually closed down at $65.57 with a loss of -0.12% for the day. The stock had closed at $65.65 on the previous day. The total traded volume was 878,383 shares.
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.