ARM Holdings Rating Reiterated by BNP Paribas (ARM)
ARM Holdings (LON:ARM)‘s stock had its “neutral” rating restated by analysts at BNP Paribas in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. They currently have a GBX 960 ($15.75) price target on the stock. BNP Paribas’ price objective points to a potential downside of 11.68% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of ARM Holdings in a research note to investors on Thursday, December 19th. They now have a GBX 1,250 ($20.50) price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of ARM Holdings in a research note to investors on Thursday, December 12th. They set an “outperform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings in a research note to investors on Monday, December 9th. They now have a GBX 1,150 ($18.86) price target on the stock. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 769.50 ($12.62).
ARM Holdings (LON:ARM) opened at 1087.00 on Thursday. ARM Holdings has a 1-year low of GBX 752.00 and a 1-year high of GBX 1112.00. The stock has a 50-day moving average of GBX 1023. and a 200-day moving average of GBX 943.2. The company’s market cap is £15.202 billion.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.