Dallas, Texas 05/22/2014 (FINANCIALSTRENDS) – The stock of ARM Holdings PLC (ADR)(NASDAQ:ARMH) was reaffirmed a “buy” rating by the equities research analysts at CanaccordGenuity in a research note released yesterday. Separately, investment analysts at Credit Suisse also restated their “outperform” rating for the stock in a research note yesterday. The stock was recently reassigned an “overweight” rating by analysts at Barclays in a research note issued on Monday, May 19, 2014.
Investment analysts at Goldman Sachs also reaffirmed a “buy” rating for the stock of ARM Holdings in a research note issued on Thursday, May 15, 2014. Thirdly, equity analysts at Galvan Research also reaffirmed a “buy” rating for the stock of ARM Holdings in a research not issued on Wednesday, May 14, 2014. However, equities research analysts at Citigroup Inc. downgraded their rating for the stock of ARM Holdings to a “neutral” rating from a previously announced “buy” rating in research note issues late last month.
Consensus Rating and Stock Update:
The stock of ARM Holdings PLC (ADR)(NASDAQ:ARMH) has been assigned a “hold” rating by eleven research analysts; and a “buy” rating by fourteen research analysts. The stock of the company presently has a consensus rating of “buy” with an average price objective of $49.56. Yesterday, the stock closed at $44.35, gaining 3.55% from its previous close. The stock lost around 11.14% during past one month trade.
Annual Analyst Day:
ARM Holdings PLC (ADR) (NASDAQ:ARMH) recently held its annual analyst day event in London where it discussed about company’s business strategies and financial earnings, however, no new financial guidance was introduced at the event.
During the event, Chief Executive Officer of ARM Holding, Simon Segars mentioned about the overall strategy for gaining market share; Chief Financial Officer, Tim Score updated the analysts on company financials; and other executives discussed the three key markets for the company’s chip technology including networking, mobile and server markets.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.