Numis Securities Ltd Upgrades ARM Holdings plc to “Buy” (ARM)
ARM Holdings plc (LON:ARM) was upgraded by equities researchers at Numis Securities Ltd to a “buy” rating in a research report issued on Thursday. The firm currently has a GBX 1,150 ($19.65) price objective on the stock, up from their previous price objective of GBX 920 ($15.72). Numis Securities Ltd’s target price would indicate a potential upside of 32.79% from the stock’s previous close.
A number of other analysts have also recently weighed in on ARM. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Thursday. They now have a GBX 850 ($14.52) price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of ARM Holdings plc in a research note on Wednesday. They now have a GBX 900 ($15.38) price target on the stock. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday. They now have a GBX 1,400 ($23.92) price target on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 824.14 ($14.08).
Shares of ARM Holdings plc (LON:ARM) traded down 1.65% during mid-day trading on Thursday, hitting GBX 866.00. 4,059,313 shares of the company’s stock traded hands. ARM Holdings plc has a one year low of GBX 810.9999 and a one year high of GBX 1112.00. The stock has a 50-day moving average of GBX 882.1 and a 200-day moving average of GBX 935.4. The company’s market cap is £12.198 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, September 3rd will be given a dividend of GBX 2.52 ($0.04) per share. This represents a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, September 3rd.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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