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Bank of America Securities Reaffirms Their Buy Rating on ARM Holdings PLC ADR (ARM)

Bank of America Securities Reaffirms Their Buy Rating on ARM Holdings PLC ADR (ARM)

Bank of America Securities analyst Vivek Arya maintained a Buy rating on ARM Holdings PLC ADR (ARMResearch Report) today. The company’s shares closed last Friday at $133.11.

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Arya covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Advanced Micro Devices. According to TipRanks, Arya has an average return of 14.4% and a 58.95% success rate on recommended stocks.

ARM Holdings PLC ADR has an analyst consensus of Moderate Buy, with a price target consensus of $146.80.

ARM market cap is currently $140.7B and has a P/E ratio of 178.65.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARM in relation to earlier this year.

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