ARM Holdings (LON:ARM) Rating Reaffirmed
Exane BNP Paribas now has a GBX 1300 target PPS on shares of ARM Holdings (LON:ARM). The target PPS suggests a potential upside of 16.91% from the last close price of ARM Holdings (LON:ARM). This rating was disclosed in a note on Friday 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 4.28% above today’s (GBX 1109.71) stock price. ARM Holdings PLC was the topic of 96 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. AlphaValue maintained shares on December 3 with “Add” rating. Liberum Capital maintained shares with “Sell” rating and GBX 650 target share price in a report from a November 16. Deutsche Bank maintained ARM stock in a recent report from November 25 with “Hold” rating. BNP Paribas maintained the rating on November 13. BNP Paribas has a “Outperform” rating and a GBX 1300 price target on shares. Finally, Mirabaud Securities maintained the stock with “Buy” rating in a report issued on a November 19.
Approximately 827,263 shares of stock traded hands. ARM Holdings plc (LON:ARM) has declined 1.15% since May 7, 2015 and is downtrending. It has outperformed by 1.64% 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 15.54 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 49.14 P/E ratio. The Company’s product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services.