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 reiterated by investment analysts at Credit Suisse in a note issued to investors on Tuesday. They currently have a GBX 1,200 ($20.42) target price on the stock. Credit Suisse’s price target suggests a potential upside of 32.16% from the stock’s previous close.

A number of other firms have also recently commented on ARM. Analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Monday, June 16th. They now have a GBX 900 ($15.32) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of ARM Holdings plc in a research note on Thursday, June 12th. They now have a GBX 1,120 ($19.06) price target on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have issued a buy rating to the stock. ARM Holdings plc currently has an average rating of “Buy” and a consensus price target of GBX 835.57 ($14.22).

Shares of ARM Holdings plc (LON:ARM) opened at 910.0001 on Tuesday. ARM Holdings plc has a one year low of GBX 752.00 and a one year high of GBX 1112.00. The stock has a 50-day moving average of GBX 893.6 and a 200-day moving average of GBX 963.0. The company’s market cap is £12.822 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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