Opinion of analysts at ARM
7/19/2024 04:11pm
1. **Consensus Rating**: The consensus rating for Arm Holdings plc (ARM) is a "Strong Buy" as of July 17, 2024. This indicates that analysts have a positive outlook on the stock and believe it has room for growth.
2. **Price Target**: The current price target set by analysts is $180, with a previous price target of $150. This represents a raise in the price target, and analysts are maintaining their "Buy" rating. The 0.2 percentage change in the price target suggests a slight increase in the expected price of the stock.
|Ticker|Name|Current Price Target|Date|code|market_code|
|---|---|---|---|---|---|
|ARM.O|Arm Holdings|180|20240617-20240717|ARM|185|
|ARM.O|Arm Holdings|169|20240617-20240717|ARM|185|
3. **Analyst Ratings**: Based on the analysis of 15 Wall Street analysts, the ratings for ARM Holdings PLC ADR over the past 3 months are as follows:
- 11 analysts have given a "Buy" rating.
- 3 analysts have given a "Hold" rating.
- 1 analyst has given a "Sell" rating.
- This distribution of ratings indicates a strong positive sentiment among analysts, with the majority recommending a "Buy" and only one suggesting a "Sell."
4. **Average Price Target**: The average price target set by analysts over the past 3 months is $131.50. This represents a -16.95% downside from the last price of $158.33. However, it's important to note that the highest price target is $180, which aligns with the current analyst price target.
5. **Analyst Actions**: The analyst actions include reiterations and assignments of ratings, with no significant changes in ratings or price targets. This suggests that analysts are generally maintaining their positive outlook on the stock.
6. **Analyst Confidence**: The fact that analysts are maintaining their "Buy" ratings and raising price targets indicates a high level of confidence in the company's future performance. This confidence is supported by the overall "Strong Buy" consensus rating.
In conclusion, analysts have a positive view of ARM Holdings plc, with a "Strong Buy" consensus rating and a recent increase in the price target. The majority of analysts recommend a "Buy" rating, indicating confidence in the stock's potential for growth.