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

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Credit Suisse reissued their outperform rating on shares of ARM Holdings plc (LON:ARM) in a research report released on Thursday morning. Credit Suisse currently has a GBX 1,000 ($15.58) price objective on the stock.

Credit Suisse has also modified their ratings on a number of other stocks in the few days. The firm reiterated its outperform rating on shares of Rio Tinto plc (ADR). Also, Credit Suisse upgraded shares of TransGlobe Energy Co. from a neutral rating to an outperform rating. Finally, Credit Suisse downgraded shares of Honda Motor Co Ltd (ADR) from an outperform rating to a neutral rating.

ARM has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an outperform rating on shares of ARM Holdings plc in a research note on Wednesday, December 3rd. They now have a GBX 1,030 ($16.04) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a buy rating on shares of ARM Holdings plc in a research note on Monday, December 1st. They now have a GBX 1,150 ($17.91) price target on the stock. Finally, analysts at BNP Paribas reiterated an outperform rating on shares of ARM Holdings plc in a research note on Thursday, November 20th. They now have a GBX 1,100 ($17.13) price target on the stock. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of GBX 1,011.30 ($15.75).

ARM Holdings plc (LON:ARM) opened at 956.4999 on Thursday. ARM Holdings plc has a one year low of GBX 778.50 and a one year high of GBX 1112.00. The stock’s 50-day moving average is GBX 874.6 and its 200-day moving average is GBX 892.6. The company’s market cap is £13.452 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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