ARM Holdings plc Rating Reiterated by Credit Suisse (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “outperform” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Friday, AnalystRatings.Net reports. They currently have a GBX 1,050 ($17.60) target price on the stock. Credit Suisse’s price target would suggest a potential upside of 8.25% from the company’s current price.
ARM Holdings plc (LON:ARM) traded up 2.43% during mid-day trading on Friday, hitting GBX 970.00. The stock had a trading volume of 3,988,536 shares. ARM Holdings plc 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 969. and its 200-day moving average is GBX 970.0. The company’s market cap is £13.579 billion.
The company also recently declared a dividend, which is scheduled for Friday, May 16th. Shareholders of record on Wednesday, April 16th will be given a dividend of GBX 3.60 ($0.06) per share. This represents a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, April 16th.
A number of other firms have also recently commented on ARM. Analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Thursday, February 6th. They now have a GBX 916 ($15.35) price target on the stock. Separately, analysts at HSBC cut their price target on shares of ARM Holdings plc from GBX 1,120 ($18.77) to GBX 1,080 ($18.10) in a research note on Thursday, February 6th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Thursday, February 6th. They now have a GBX 750 ($12.57) price target on the stock. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 801.79 ($13.44).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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