ARM Holdings’s “Outperform” Rating Reaffirmed at Credit Suisse (ARM)
ARM Holdings (LON:ARM)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Tuesday, Analyst Ratings Network reports. They currently have a GBX 1,150 ($18.86) price objective on the stock. Credit Suisse’s price objective would suggest a potential upside of 18.31% from the company’s current price.
Shares of ARM Holdings (LON:ARM) opened at 972.00 on Tuesday. ARM Holdings has a 1-year low of GBX 752.00 and a 1-year high of GBX 1112.00. The stock has a 50-day moving average of GBX 1035. and a 200-day moving average of GBX 950.7. The company’s market cap is £13.593 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of ARM Holdings in a research note to investors on Monday, January 6th. They now have a GBX 590 ($9.68) price target on the stock. Separately, analysts at BMO Capital Markets downgraded shares of ARM Holdings to a “market perform” rating in a research note to investors on Friday, January 3rd. They now have a GBX 1,150 ($18.86) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Thursday, January 2nd. They now have a GBX 960 ($15.75) price target on the stock. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 795.04 ($13.04).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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