Morgan Stanley reaffirmed their equal weight rating on shares of ARM Holdings (LON:ARM) in a research note issued to investors on Friday, Analyst Ratings Network reports. The firm currently has a GBX 925 ($14.69) price target on the stock.
Morgan Stanley has also taken action a number of other stocks recently. The firm initiated coverage on shares of Potash Corp. They issued an equal weight rating on that stock. Also, Morgan Stanley initiated coverage on shares of Apollo Global Management. They issued an overweight rating on that stock and set a $33.00 price target.
ARM has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an outperform rating on shares of ARM Holdings (LON:ARM) in a research note to investors on Thursday, September 12th. They now have a GBX 1,050 ($16.67) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of ARM Holdings (LON:ARM) from GBX 750 ($11.91) to GBX 800 ($12.70) in a research note to investors on Thursday, September 12th. They now have a reduce rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of ARM Holdings (LON:ARM) from GBX 1,400 ($22.23) to GBX 1,500 ($23.82) in a research note to investors on Thursday, September 12th. They now have a strong-buy rating on the stock.
Six analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 883.30 ($14.03).
Shares of ARM Holdings (LON:ARM) traded down 1.90% during mid-day trading on Friday, hitting GBX 953.50. 3,657,655 shares of the company’s stock traded hands. ARM Holdings has a 52 week low of GBX 560.50 and a 52 week high of GBX 1111.00. The stock’s 50-day moving average is GBX 893.7 and its 200-day moving average is GBX 915.2. The company’s market cap is £13.326 billion.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.