ARM Holdings plc Price Target Increased to GBX 920 by Analysts at Numis Securities Ltd (ARM)
Equities researchers at Numis Securities Ltd lifted their price objective on shares of ARM Holdings plc (LON:ARM) from GBX 880 ($14.81) to GBX 920 ($15.49) in a research report issued on Tuesday. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 4.31% from the company’s current price.
ARM Holdings plc (LON:ARM) traded up 3.97% on Tuesday, hitting GBX 917.00. The stock had a trading volume of 4,034,584 shares. ARM Holdings plc has a 52-week low of GBX 752.00 and a 52-week high of GBX 1112.00. The stock has a 50-day moving average of GBX 919.8 and a 200-day moving average of GBX 972.6. The company’s market cap is £12.920 billion.
A number of other analysts have also recently weighed in on ARM. Analysts at Societe Generale reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Wednesday, May 21st. They now have a GBX 680 ($11.45) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Wednesday, May 21st. They now have a GBX 1,200 ($20.20) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Wednesday, May 21st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty have issued a buy rating to the company. ARM Holdings plc presently has an average rating of “Buy” and a consensus price target of GBX 828 ($13.94).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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