Sanford C. Bernstein Reiterates “Market Perform” Rating for ARM Holdings plc (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “market perform” rating reiterated by stock analysts at Sanford C. Bernstein in a report issued on Tuesday. They currently have a GBX 750 ($12.86) price target on the stock. Sanford C. Bernstein’s price target would suggest a potential downside of 16.90% from the company’s current price.
Shares of ARM Holdings plc (LON:ARM) opened at 884.50 on Tuesday. ARM Holdings plc has a 1-year low of GBX 825.50 and a 1-year high of GBX 1112.00. The stock’s 50-day moving average is GBX 896.3 and its 200-day moving average is GBX 955.9. The company’s market cap is £12.462 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of ARM Holdings plc in a research note on Tuesday. They now have a GBX 1,200 ($20.58) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of ARM Holdings plc in a research note on Monday. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Tuesday, June 24th. They now have a GBX 1,200 ($20.58) price target on the stock. Three research 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 an average rating of “Buy” and an average target price of GBX 830.41 ($14.24).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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