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 reaffirmed by investment analysts at Credit Suisse in a note issued to investors on Wednesday. They currently have a GBX 1,000 ($15.68) target price on the stock. Credit Suisse’s price objective would indicate a potential upside of 13.12% from the stock’s previous close.

A number of other analysts have also recently weighed in on ARM. Analysts at Liberum Capital initiated coverage on shares of ARM Holdings plc in a research note on Wednesday. They set a “sell” rating and a GBX 700 ($10.98) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of ARM Holdings plc in a research note on Friday, November 14th. They now have a GBX 750 ($11.76) price target on the stock. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,005.65 ($15.77).

ARM Holdings plc (LON:ARM) opened at 887.50 on Wednesday. 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 860.1 and a 200-day moving average of GBX 890.6. The company’s market cap is £12.482 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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