ARM Holdings Rating Reiterated by BNP Paribas (ARM)
ARM Holdings (LON:ARM)‘s stock had its “neutral” rating reaffirmed by investment analysts at BNP Paribas in a note issued to investors on Monday, StockRatingsNetwork reports. They currently have a GBX 940 ($15.08) price target on the stock. BNP Paribas’ price target would suggest a potential downside of 4.37% from the company’s current price.
Shares of ARM Holdings (LON:ARM) opened at 970.5736 on Monday. ARM Holdings has a one year low of GBX 570.00 and a one year high of GBX 1111.00. The stock’s 50-day moving average is GBX 905.8 and its 200-day moving average is GBX 916.5. The company’s market cap is £13.565 billion.
A number of other firms have also recently commented on ARM. Analysts at Benchmark Co. raised their price target on shares of ARM Holdings from GBX 48 ($0.77) to GBX 54 ($0.87) in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of ARM Holdings from GBX 1,130 ($18.13) to GBX 1,150 ($18.45) in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Tuesday, October 1st. They now have a GBX 1,372 ($22.01) price target on the stock. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 884.68 ($14.19).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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