ARM Holdings (LON:ARM) Rating Reaffirmed
Researchers at AlphaValue now has a GBX 1250 target price per share on ARM Holdings (LON:ARM). AlphaValue and their recent target price per share may suggest a potential upside of 9.75% from the company’s previous close. The rating has been unveiled in an analyst note on Thursday morning.
From a total of 21 analysts covering ARM Holdings PLC (LON:ARM) stock, 19 rate it a ”Buy”, 2 a “Sell”, and 6 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is GBX 1500 while the lowest target price is GBX 650. The mean of all analyst targets is GBX 1166.9 with a 1.44% above today’s (GBX 1138.27) stock price. ARM Holdings PLC was the topic of 95 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 1 with “Market Perform” rating. BNP Paribas maintained shares with “Outperform” rating and GBX 1300 target share price in a report from a November 13. Credit Suisse maintained ARM stock in a recent report from November 24 with “Outperform” rating. BMO Capital Markets maintained the rating on November 12. BMO Capital Markets has a “Market Perform” rating and a GBX 1075 price target on shares. Finally, Liberum Capital maintained the stock with “Sell” rating in a report issued on a November 16.
Approximately 493,671 shares of stock traded hands. ARM Holdings plc (LON:ARM) has risen 1.16% since May 6, 2015 and is uptrending. It has outperformed by 1.45% the S&P500.
ARM Holdings plc is a United Kingdom firm engaged in designing of microprocessors, physical intellectual property (IP) and related technology and software, and sale of development tools. The company has a market cap of 15.99 billion GBP. The Company’s offers products, such as 16/32/64-bit RISC microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products. It has 50.4 P/E ratio. The Company’s product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services.