ARM Holdings (LON:ARM)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. They currently have a GBX 1,150 ($18.86) price objective on the stock. Credit Suisse’s target price suggests a potential upside of 6.61% from the stock’s previous close.
ARM Holdings (LON:ARM) opened at 1078.72 on Tuesday. ARM Holdings has a 52 week low of GBX 752.00 and a 52 week high of GBX 1112.00. The stock’s 50-day moving average is GBX 1030. and its 200-day moving average is GBX 946.4. The company’s market cap is £15.086 billion.
ARM has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of ARM Holdings in a research note to investors on Monday. They now have a GBX 590 ($9.68) price target on the stock. Separately, analysts at BMO Capital Markets downgraded shares of ARM Holdings to a “market perform” rating in a research note to investors on Friday. They now have a GBX 1,150 ($18.86) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings in a research note to investors on Thursday, January 2nd. They now have a GBX 960 ($15.75) price target on the stock. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 769.50 ($12.62).
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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