ARM Holdings plc Rating Reiterated by Berenberg Bank (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday. They currently have a GBX 1,350 ($22.63) target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 51.01% from the company’s current price.
ARM Holdings plc (LON:ARM) traded down 2.30% on Thursday, hitting GBX 893.9999. The stock had a trading volume of 2,946,955 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 908.2 and a 200-day moving average of GBX 971.3. The company’s market cap is £12.596 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Wednesday. They now have a GBX 680 ($11.40) price target on the stock. Separately, analysts at Kepler Capital Markets reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday. They now have a GBX 1,040 ($17.44) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of ARM Holdings plc from GBX 880 ($14.75) to GBX 920 ($15.42) in a research note on Tuesday, May 27th. They now have a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have assigned a buy rating to the company. ARM Holdings plc presently has an average rating of “Buy” and a consensus price target of GBX 835.57 ($14.01).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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