ARM Holdings plc Stock Rating Reaffirmed by HSBC (ARM)

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ARM Holdings plc (LON:ARM)‘s stock had its “overweight” rating reaffirmed by HSBC in a research note issued on Thursday. They currently have a GBX 1,120 ($19.01) price objective on the stock. HSBC’s target price indicates a potential upside of 26.63% from the company’s current price.

ARM has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Thursday, June 5th. They now have a GBX 900 ($15.28) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Thursday, June 5th. They now have a GBX 1,350 ($22.92) price target on the stock. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Wednesday, June 4th. They now have a GBX 680 ($11.54) price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 835.57 ($14.18).

Shares of ARM Holdings plc (LON:ARM) opened at 885.0001 on Thursday. ARM Holdings plc has a 52-week low of GBX 752.00 and a 52-week high of GBX 1112.00. The stock’s 50-day moving average is GBX 897.5 and its 200-day moving average is GBX 968.. The company’s market cap is £12.469 billion.

ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.

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