JPMorgan Chase & Co. Issues Positive Forecast for ARM (NASDAQ:ARM) Stock Price

ARM (NASDAQ:ARM) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $175.00 to $180.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 13.74% from the stock’s previous close.

Several other analysts have also recently weighed in on ARM. UBS Group cut their price target on shares of ARM from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday. Morgan Stanley reduced their price target on shares of ARM from $180.00 to $171.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. The Goldman Sachs Group started coverage on shares of ARM in a report on Thursday, July 10th. They issued a “neutral” rating and a $160.00 price objective for the company. Raymond James Financial increased their target price on ARM from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Benchmark restated a “hold” rating on shares of ARM in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.55.

ARM Stock Down 1.2%

Shares of NASDAQ:ARM traded down $1.94 during midday trading on Thursday, hitting $158.25. 6,861,989 shares of the stock traded hands, compared to its average volume of 5,319,471. The business’s 50 day moving average is $154.79 and its two-hundred day moving average is $143.97. The stock has a market capitalization of $167.19 billion, a PE ratio of 239.77, a P/E/G ratio of 10.10 and a beta of 4.11. ARM has a one year low of $80.00 and a one year high of $183.16.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. ARM had a return on equity of 15.56% and a net margin of 16.96%.The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $0.30 EPS. ARM’s revenue was up 34.5% compared to the same quarter last year. ARM has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, sell-side analysts forecast that ARM will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On ARM

A number of hedge funds have recently bought and sold shares of ARM. GAMMA Investing LLC grew its holdings in ARM by 126.0% during the third quarter. GAMMA Investing LLC now owns 174 shares of the company’s stock valued at $25,000 after purchasing an additional 97 shares during the period. Brooklyn Investment Group purchased a new position in shares of ARM during the 1st quarter valued at about $28,000. Grey Fox Wealth Advisors LLC bought a new position in shares of ARM during the 3rd quarter valued at approximately $28,000. Huntington National Bank purchased a new stake in ARM in the 2nd quarter worth approximately $30,000. Finally, N.E.W. Advisory Services LLC bought a new stake in ARM during the 1st quarter worth approximately $34,000. Institutional investors own 7.53% of the company’s stock.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.