For the fourth time in just over two weeks, ARM Holdings PLC (NASDAQ: ARMH) has been downgraded. London-based Numis Group downgraded ARM Holdings, which also trades on the London exchange, to Hold from Buy but lifted the target price to 820p from 750p. In its report, the firm cites the 85% rally in the stock from the lows in July last year. ARM should report a solid fourth quarter, capping a year of demonstrating its opportunities to become pervasive across the semiconductor market over the long term. This should also provide opportunities to extend into new market segments to remain strong, but now look priced-in.
Just goes to show you how much these analysts have going for them......ARM is at its highest stock price history in years........has made strong moves recently, and from the looks of things today is not making any downward trend for any reason soon. So go short your self somewhere else and take these Expert Anaylsts opinions with you, cuz they don't have it going on when it comes to this stock!