ARM Holdings (LON:ARM) Rating Reaffirmed
In a recent research report announced this morning, Natixis has decided to reaffirm their Neutral rating on ARM Holdings (LON:ARM) shares. The PT may mean a possible downside of -10.95% from firm’s previous stock close.
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 3.61% above today’s (GBX 1116.85) stock price. ARM Holdings PLC was the topic of 97 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 4 with “Outperform” rating. Mirabaud Securities maintained shares with “Buy” rating and GBX 1500 target share price in a report from a November 19. Bernstein maintained ARM stock in a recent report from December 1 with “Market Perform” rating. Liberum Capital maintained the rating on November 16. Liberum Capital has a “Sell” rating and a GBX 650 price target on shares. Finally, Credit Suisse maintained the stock with “Outperform” rating in a report issued on a November 24.
Approximately 562,217 shares of stock traded hands. ARM Holdings plc (LON:ARM) has declined 2.62% since May 8, 2015 and is downtrending. It has underperformed by 1.54% 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 15.80 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 49.45 P/E ratio. The Company’s product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services.