ARM Holdings (LON:ARM) Rating Reaffirmed
London: In an analyst research report released on 17 December, Bernstein has decided to reaffirm their “Market Perform” rating on ARM Holdings (LON:ARM) shares. They now have a GBX 800 target on the company. Bernstein’s target would possibly suggest a potential downside of -22.71% from the company’s previous stock close.
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 1170.91 with a 10.52% above today’s (GBX 1047) stock price. ARM Holdings PLC was the topic of 103 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 15 with “Outperform” rating. Bernstein maintained shares with “Market Perform” rating and GBX 800 target share price in a report from a December 1. Barclays Capital maintained ARM stock in a recent report from December 14 with “Overweight” 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 723,828 shares of stock traded hands. ARM Holdings plc (LON:ARM) has declined 8.84% since May 20, 2015 and is downtrending. It has underperformed by 6.57% 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 15.10 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 46.36 P/E ratio. The Company’s product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services.