HSBC Increases ARM Holdings plc Price Target to GBX 1,120 (ARM)
Investment analysts at HSBC lifted their price objective on shares of ARM Holdings plc (LON:ARM) from GBX 1,080 ($18.14) to GBX 1,120 ($18.81) in a note issued to investors on Thursday, American Banking News reports. The firm currently has an “overweight” rating on the stock. HSBC’s target price points to a potential upside of 18.46% from the company’s current price.
Shares of ARM Holdings plc (LON:ARM) traded down 1.51% during mid-day trading on Thursday, hitting GBX 945.50. 5,381,124 shares of the company’s stock traded hands. ARM Holdings plc has a one year low of GBX 752.00 and a one year high of GBX 1112.00. The stock has a 50-day moving average of GBX 981. and a 200-day moving average of GBX 987.9. The company’s market cap is £13.321 billion.
Several other analysts have also recently commented on the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday. They now have a GBX 1,250 ($20.99) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday. They now have a GBX 1,100 ($18.47) price target on the stock. Finally, analysts at FinnCap reiterated a “hold” rating on shares of ARM Holdings plc in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 839.23 ($14.10).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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