Arm Holdings PLC Stock: Analyst Forecasts, CEO Insights, and Market Performance

As of October 23, 2024, Arm Holdings PLC‘s stock is under scrutiny from both analysts and investors. The current stock price stands at $152.58, reflecting a slight increase of 0.15%.

Analysts have provided a mixed outlook for Arm Holdings. The average twelve-month price target from 26 Wall Street analysts is $138.57, indicating a potential downside of -9.45% from the current price. The highest price target is $190.00, while the lowest is $85.00.

Rene Haas, CEO of Arm Holdings, recently spoke at the Bloomberg Tech Summit in London, discussing the future of AI and the company’s position in the semiconductor industry. Haas emphasized that AI is not overhyped and expressed his desire to see competitor Intel succeed. He also mentioned that a secondary share sale in London is not a top priority for the company.

In terms of analyst ratings, Arm Holdings has received 1 sell rating, 7 hold ratings, 16 buy ratings, and 2 strong buy ratings over the last year. This consensus suggests a “moderate buy” recommendation from Wall Street analysts. Over the past 90 days, the stock has seen 5 upgrades and 1 downgrade.

The company’s financial performance has been strong, with consistent growth in revenue and earnings. Institutional investors such as Wellington Management Group LLP and Marsico Capital Management LLC have increased their stakes in Arm Holdings, indicating confidence in the company’s future prospects.

Despite the positive sentiment, the stock’s price-to-earnings ratio is relatively high at 147.06, which may suggest that the stock is overvalued compared to industry peers.

Arm Holdings is set to release its Q2 earnings on November 6, 2024, which will be closely watched by investors and analysts alike.