BNP Paribas Reiterates “Neutral” Rating for ARM Holdings plc (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “neutral” rating restated by research analysts at BNP Paribas in a report released on Tuesday, AnalystRatings.Net reports. They currently have a GBX 900 ($15.16) target price on the stock. BNP Paribas’ target price suggests a potential downside of 1.04% from the stock’s previous close.
ARM Holdings plc (LON:ARM) opened at 914.0001 on Tuesday. 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 954.2 and its 200-day moving average is GBX 980.2. The company’s market cap is £12.878 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Monday. They now have a GBX 1,140 ($19.20) price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of ARM Holdings plc to a “neutral” rating in a research note on Wednesday, April 30th. They now have a GBX 950 ($16.00) price target on the stock, down previously from GBX 1,020 ($17.18). Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Thursday, April 24th. They now have a GBX 1,100 ($18.53) price target on the stock. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 836.37 ($14.09).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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