ARM Holdings plc Given Outperform Rating at Credit Suisse (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Tuesday. They currently have a GBX 1,200 ($20.42) target price on the stock. Credit Suisse’s price objective would suggest a potential upside of 32.16% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Monday, June 16th. They now have a GBX 900 ($15.32) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of ARM Holdings plc in a research note on Thursday, June 12th. They now have a GBX 1,120 ($19.06) price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 835.57 ($14.22).
ARM Holdings plc (LON:ARM) opened at 910.9999 on Tuesday. 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 893.6 and a 200-day moving average of GBX 963.0. The company’s market cap is £12.836 billion.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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