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.
Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.