ARM Holdings PLC (LON:ARM) Rating Reaffirmed
The financial firm has just set a target price per share of GBX 1300.00 on ARM Holdings PLC (LON:ARM) shares. This is 20.43% from the current price. In analysts report made public on 11 December, Exane BNP Paribas has decided to reaffirm their “Outperform” rating on shares of ARM.
From a total of 22 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 1173.41 with a 7.34% above today’s (GBX 1078) stock price. ARM Holdings PLC was the topic of 99 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 10 with “Sell” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 980 target share price in a report from a November 25. BNP Paribas maintained ARM stock in a recent report from December 4 with “Outperform” rating. Credit Suisse maintained the rating on November 24. Credit Suisse has a “Outperform” rating and a GBX 1230 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a December 1.
Approximately 293,066 shares of stock traded hands. ARM Holdings plc (LON:ARM) has declined 1.27% since May 14, 2015 and is downtrending. It has outperformed by 1.75% 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 15.25 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 47.73 P/E ratio. The Company’s product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services.