ARM Holdings PLC (LON:ARM) Rating Reaffirmed
Exane BNP Paribas now has a GBX 1300.00 target PPS on the 14.30 billion GBP market cap company or 26.40% upside potential. In an analyst note issued to clients on Tuesday morning, ARM Holdings PLC (LON:ARM) shares have had their “Outperform” Rating has decided to restate by analysts at Exane BNP Paribas.
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 12.57% above today’s (GBX 1028) stock price. ARM Holdings PLC was the topic of 101 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 14 with “Overweight” rating. Bernstein maintained shares with “Market Perform” rating and GBX 800 target share price in a report from a December 1. Liberum Capital maintained ARM stock in a recent report from December 10 with “Sell” rating. Deutsche Bank maintained the rating on November 25. Deutsche Bank has a “Hold” rating and a GBX 980 price target on shares. Finally, AlphaValue maintained the stock with “Add” rating in a report issued on a December 3.
Approximately 1.50M shares of stock traded hands. ARM Holdings plc (LON:ARM) has declined 6.30% since May 18, 2015 and is downtrending. It has underperformed by 2.62% 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 14.30 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 45.52 P/E ratio. The Company’s product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services.