ARM Holdings plc Receives Outperform Rating from Credit Suisse (ARM)

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ARM Holdings plc (LON:ARM)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse in a note issued to investors on Thursday. They currently have a GBX 1,325 ($20.26) price target on the stock. Credit Suisse’s price objective points to a potential upside of 16.13% from the company’s current price.

ARM Holdings plc (LON:ARM) opened at 1123.7700 on Thursday. ARM Holdings plc has a 1-year low of GBX 778.5000 and a 1-year high of GBX 1233.0000. The stock has a 50-day moving average of GBX 1138.84 and a 200-day moving average of GBX 1070.31. The company’s market cap is £15.82 billion.

A number of other firms have also recently commented on ARM. Analysts at Liberum Capital reiterated a “sell” rating and set a GBX 700 ($10.70) price target on shares of ARM Holdings plc in a research note on Friday. Analysts at Natixis reiterated a “buy” rating and set a GBX 1,380 ($21.10) price target on shares of ARM Holdings plc in a research note on Tuesday. Analysts at BNP Paribas reiterated an “outperform” rating and set a GBX 1,300 ($19.88) price target on shares of ARM Holdings plc in a research note on Tuesday. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating and set a GBX 1,000 ($15.29) price target on shares of ARM Holdings plc in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,186.41 ($18.14).

ARM Holdings plc (LON:ARM) is a United Kingdom-based company engaged in the design of microprocessors, physical intellectual property (IP) and related technology and software, and the sale of development tools. The Company offers a range of products including microprocessors, graphics processors, video engines, enabling software, cell libraries, embedded memories, connectivity products, peripherals and development tools.

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