Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter
According to TipRanks, Rakesh is a top 25 analyst with an average return of 82.5% and a 74.19% success rate. Rakesh covers the Technology sector, focusing on stocks such as Micron, Intel, and ARM Holdings PLC ADR.
Currently, the analyst consensus on ARM Holdings PLC ADR is a Strong Buy with an average price target of $260.10.
Based on ARM Holdings PLC ADR’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.49 billion and a net profit of $313 million. In comparison, last year the company earned a revenue of $1.24 billion and had a net profit of $210 million
Based on the recent corporate insider activity of 39 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. Earlier this month, William Abbey, the CCO of ARM sold 2,300.00 shares for a total of $703,386.00.
