ARM Holdings plc Earns “Buy” Rating from Numis Securities Ltd (ARM)

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Numis Securities Ltd reissued their buy rating on shares of ARM Holdings plc (LON:ARM) in a research report released on Monday morning. Numis Securities Ltd currently has a GBX 1,150 ($18.33) price objective on the stock.

Shares of ARM Holdings plc (LON:ARM) opened at 875.00 on Monday. ARM Holdings plc has a 52 week low of GBX 778.50 and a 52 week high of GBX 1112.00. The stock has a 50-day moving average of GBX 879.8 and a 200-day moving average of GBX 896.7. The company’s market cap is £12.306 billion.

A number of other firms have also recently commented on ARM. Analysts at Charles Stanley cut their price target on shares of ARM Holdings plc from GBX 1,100 ($17.53) to GBX 1,000 ($15.94) in a research note on Wednesday, October 22nd. They now have a buy rating on the stock. Separately, analysts at Citigroup Inc. reiterated a neutral rating on shares of ARM Holdings plc in a research note on Wednesday, October 22nd. They now have a GBX 850 ($13.55) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of ARM Holdings plc from GBX 950 ($15.14) to GBX 900 ($14.34) in a research note on Wednesday, October 22nd. They now have a hold rating on the stock. Four analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. ARM Holdings plc presently has an average rating of Buy and a consensus price target of GBX 967.08 ($15.41).

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

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