ARM Holdings PT Lowered to GBX 1,100 (ARM)
Equities research analysts at Credit Suisse decreased their price target on shares of ARM Holdings (LON:ARM) from GBX 1,150 ($18.95) to GBX 1,100 ($18.12) in a research note issued to investors on Friday, American Banking News.com reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s target price would suggest a potential upside of 16.28% from the stock’s previous close.
Shares of ARM Holdings (LON:ARM) opened at 932.50 on Friday. ARM Holdings has a 52-week low of GBX 752.00 and a 52-week high of GBX 1112.00. The stock’s 50-day moving average is GBX 1025. and its 200-day moving average is GBX 966.2. The company’s market cap is £13.041 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Friday. They now have a GBX 1,100 ($18.12) price target on the stock. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of ARM Holdings in a research note to investors on Wednesday. They now have a GBX 680 ($11.20) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Monday. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. ARM Holdings currently has an average rating of “Hold” and a consensus target price of GBX 796.82 ($13.13).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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